CADCHF Long - Support and resistance breakout
Structure: Support and Resistance breakout, re-test
Trend: Bullish
Comment: Price has broken out of long standing resistance levels (black line) also retested and confirmed breakout. we now look for DMI confirmation before taking a long until psychological price level of 0.71000.
Also if you want to look into candle stick analysis we see a few bars of indecision looking at the Doji star candles followed by a bullish engulf
Trend: Bullish
Comment: Price has broken out of long standing resistance levels (black line) also retested and confirmed breakout. we now look for DMI confirmation before taking a long until psychological price level of 0.71000.
Also if you want to look into candle stick analysis we see a few bars of indecision looking at the Doji star candles followed by a bullish engulf
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