CADCHF: Pullback from Key Level

2021年3月16日

CADCHF is testing a major weekly structure resistance.
Taking into consideration that the market is quite overbought, chances are high to see a pullback from that.

Your confirmation will be a bearish breakout of a rising parallel channel on 4H.
While the price is within, the market remains sharply bullish.

The breakout will signify a local shift in market sentiment and will push the pair to local structure level.

First goal will be - 0.732


In case of a bullish breakout of the underlined resistance, setup will be invalid.

2021年3月17日

註釋

Check my new analysis on EURUSD: