Market Outlook and Analysis (Nov2019 Week2)
Currency Pair: CADCHF
Technical Analysis – CADCHF
CADCHF H4 Char: (Trade Review) – Shorted after resisted at highs (+66pips)
CADCHF hit a resistance at the high and fell. Triggered the short setup for a +66pip profits. Exited at the TL support.
See last week’s analysis HERE for the short.
CADCHF D1 Chart: Fell as expected from the Resistance Zone
The Pair fell as expected. Now we are right at the TL support 0.7500. Breaking below this will be critical to head much lower.
CADCHF H4 Chart: The drop pauses at the TL Support
Expecting a break out of the Triangle to the downside for a continuation of the down move. Will be watching this pair’s movements closely.
Announcement
Hi Everyone,
Please like and share my post if you it has helped you in your trading. We are reeling in the pips if you have been following us. Let the winners run and cutting the losers short.
We are having a 3hr workshop in Singapore on the 12th November 2019 (7pm to 10.30pm). Calling out to those of you who are:
- Working adults who are jaded from your daily lives and looking for an alternative
- Traders who has been trading for over a year and have not achieve the results you desire
- Wanting to make a difference to their financial goals
Stop procrastinating, register HERE NOW and come and see how we trade the market. Bring along an open mind to think out of the box to be successful in trading.
Please share with your friends whom you think will benefit from this too. Join us, we are building a close knitted community of successful traders.