Hello and welcome to my Trade Idea of the currency pair CAD/CHF:
Lets start with the Top Down Analysis.
Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant.
Weekly: We've been seeing more lower highs lately which confirms the trend is bearish.
Daily: We see a trendline, and the candle touched the trendline just before the market closed.
H4: H4 is for today the timeframe where we wait to execute the trade. I'll keep you up to date when the market opens.
Lets start with the Top Down Analysis.
Monthly: On monthly we see the currency pair has made L.H (Lower Highs) and H.L (Higher lows). In summary, the trend has made a Pennant.
Weekly: We've been seeing more lower highs lately which confirms the trend is bearish.
Daily: We see a trendline, and the candle touched the trendline just before the market closed.
H4: H4 is for today the timeframe where we wait to execute the trade. I'll keep you up to date when the market opens.
Trade active
Now we're going into the trade. The price reacted to the trend line with a Gravestone Doji.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.