📌Marking the start of Short-term flows with CADCHF...
The initial move down was grandiose which, however, was not strictly able to test the 0.690x lows. Sellers would have won the battle easily and continued the breakdown via weaker CAD fundamentals.
=> Instead luring unaware buyers into a compression range to later suffer from an embarrassment of a further breakdown. Tracking closely the 0.695x support, we all know about the diversionary role that CHF plays in risk, so I shall refrain from further comment.
With the clash certainly decided over the coming 'hours' the configuration offers plenty of scope for manoeuvring from the sell side.
Thanks for keeping the feedback coming 👍 or 👎
The initial move down was grandiose which, however, was not strictly able to test the 0.690x lows. Sellers would have won the battle easily and continued the breakdown via weaker CAD fundamentals.
=> Instead luring unaware buyers into a compression range to later suffer from an embarrassment of a further breakdown. Tracking closely the 0.695x support, we all know about the diversionary role that CHF plays in risk, so I shall refrain from further comment.
With the clash certainly decided over the coming 'hours' the configuration offers plenty of scope for manoeuvring from the sell side.
Thanks for keeping the feedback coming 👍 or 👎
Transaction en cours
Trade fermée: cible de profit atteinte
0.695x TP hit!!Trailing time for those holding shorts and aiming for the lottery ticket.
Trade fermée: cible de profit atteinte
0.690x TP2 Hit! Well done those who got the move.Note
Flawless range 0.69xx <=> 0.70xx
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Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.