CADCHF reached ACTION POINT!
The pair reached the twioce tested Pivot Support Level again. This is an Action Point.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago (bearish) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.
1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")
The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!
Comments are welcome -agree or disagree.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago (bearish) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.
1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")
The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!
Comments are welcome -agree or disagree.
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