Hi guys,
Please see attached my analysis for the CADCHF pair on the 4H timeframe.
As we can see on the chart the price has pushed up to a resistance level which is the structure high and if we looked at previous price action we can see there has been rejections at this area.
If we go into the chart on the 30 minute timeframe and the 1H timeframe we can see that the stochastic is crossing on both giving us a potential sign we could begin a bearish run to the downside.
Wait for the hourly candle to close and see if there is any pivot candle giving us more confirmation of a move to the downside.
DWFX
Please see attached my analysis for the CADCHF pair on the 4H timeframe.
As we can see on the chart the price has pushed up to a resistance level which is the structure high and if we looked at previous price action we can see there has been rejections at this area.
If we go into the chart on the 30 minute timeframe and the 1H timeframe we can see that the stochastic is crossing on both giving us a potential sign we could begin a bearish run to the downside.
Wait for the hourly candle to close and see if there is any pivot candle giving us more confirmation of a move to the downside.
DWFX