Cad/Chf Almost Ready For A Reversal (Divergence On Oscilator)
Cad/Chf is near ready for a reversal. As you can see on the chart with hour 4 , Divergence has been spotted! Does this mean to enter a sell right now? ABSOLUTELY NOT!
So how do you enter a sell? You can enter with many confirmation tools.... Such as A Moving Average Crossover, Candlestick Analysis, Etc!!!!!
These Yellow Zones on the chart was created on the Daily Time Frame because when you trade, you always draw these zones on the time frame higher than the one your trading on!
So wait for price to hit the daily resistance level on HOUR4 Chart... Then Find your reason to go short!
Happy Trading!!!
So how do you enter a sell? You can enter with many confirmation tools.... Such as A Moving Average Crossover, Candlestick Analysis, Etc!!!!!
These Yellow Zones on the chart was created on the Daily Time Frame because when you trade, you always draw these zones on the time frame higher than the one your trading on!
So wait for price to hit the daily resistance level on HOUR4 Chart... Then Find your reason to go short!
Happy Trading!!!
Note
I used the line chart to show you CLEAR support and resistance zones. If I had posted this chart with candlesticks, you would not have been able to understand how I came up with these areas as it would look to complicated! If u enjoy , leave me a like!!! Show Support
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