Market Commentary: #CADCHF

sarfarajpatel

Junior member
11 1
After a period of consolidation, the bears managed to break the 0.74421 previous Support level and brought the price to re-test the July 2019 previous Support at 0.72641. The loonie got some bullish momentum but not enough to break the 0.74421 turnings it into a new Resistance level. Price closed NY yesterday showing a strong bear presence. I believe the price will continue its move down to re-test the 0.72641 level again and this will be my confirmation(depending on the closing candle) the range move and for a long entry. Anyway nothing to do here today and I will be waiting for the NY close today for any action. Trade Safe

Whatsapp:- wa.me/919752439346
Telegram:- t.me/Sarfaraj_patel
 

Attachments

  • CADCHF 25-2.PNG
    CADCHF 25-2.PNG
    43.1 KB · Views: 95
 
AdBlock Detected

We get it, advertisements are annoying!

But it's thanks to our sponsors that access to Trade2Win remains free for all. By viewing our ads you help us pay our bills, so please support the site and disable your AdBlocker.

I've Disabled AdBlock