CADCHF Swing

By drewbyfx
Looking long term on this pair and personally the trade that I am in is bearish. This pair has again tested the monthly trend line and not broke it. This could be a false wick of buyers slowing down for a lower time frame retest but on the 4 HR analysis that I posted awhile ago the confluence was bearish as well there at least for 100 pips or so. If it breaks the trend line and bulls continue to take it I will re assess and shift bias.

This is an analysis not a signal. Trade at your own risk and use proper risk to reward.

Happy Trading!
Trend Analysis

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