Hello Traders,
Here you go for the CADCHF analyst as price has been moved within descending Channels and move strong in bearish trend . Also we could see on daily time frame there so much rejection of wicks which means price failed to make the higher high on certain periods.
Therefore if the zones area are respected then the price might be move to make the impulsive toward the downside trend continuation. I will see the zones area as psychology level for the confirmation in order to make the decision of valid analysis.
Bear in Mind the core principles of your trading confluences would be much suggested, before taking the trade for the risk and proper trade management.
Cheers,
Ochin_FX
Here you go for the CADCHF analyst as price has been moved within descending Channels and move strong in bearish trend . Also we could see on daily time frame there so much rejection of wicks which means price failed to make the higher high on certain periods.
Therefore if the zones area are respected then the price might be move to make the impulsive toward the downside trend continuation. I will see the zones area as psychology level for the confirmation in order to make the decision of valid analysis.
Bear in Mind the core principles of your trading confluences would be much suggested, before taking the trade for the risk and proper trade management.
Cheers,
Ochin_FX
