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.


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