CADCHF is currently at the top of a sideways trend.
We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance.
As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: youtube.com/watch?v=uoSoVoRRNvM&t=1795s
Risk to reward ratio is almost 1:3, so good luck :)
We already had a good reaction by sellers, with a big candlestick showing a strong upper shadow right on the level of resistance.
As usual, in ranging markets I prefer using oscillators instead of trending indicators. In this case, I use the MACD, that is a momentum indicator that here clearly shows how buyers are losing momentum. You can learn more about the MACD here: youtube.com/watch?v=uoSoVoRRNvM&t=1795s
Risk to reward ratio is almost 1:3, so good luck :)
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Find out more at itstradingtime.com/
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.