CADCHF clear bearish price action Hi Traders,
CADCHF is consolidating within a bearish continuation correction which with the Global events occurring I suspect CHF to gain strength. Price action clearly shows sharp impulses after the corrections complete and with the Russia and Ukraine tension happening, we may expect another impulse move downward.
Always wait for confirmation before taking your trade. Follow your trading plan!
Good luck!
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Cadchflong
Bearish price action, look for a SELLHi Traders
CADCHF is showing bearish price action with multiple corrective structures developing. The last correction gave us an LTF correction at the top of the channel to validate a sell opportunity. Price pushed down and gave us a CAB entry (correction after breakout).
Manage your targets appropriately and follow your trading plan.
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CADCHF SetupCADCHF is trading in a parrallel bearish channel, making swing lower high and lower lows.
We are expecting bears to drag the price from the resistance zone.
Trade your levels accordingly.
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CADCHF Price analysis towards the buying area.CADCHF is showing bullish market and not overbought it will continue move towards the level of 0.7348 on next trading session.
Analysis - Stoch is showing market is bullish and not overbought./RSI is in no trading zone at the point of 59 which is very risky to trade and market if CADCHF pair is moving toward the next higher resistance at the level of 0.7348.