Long Term Look at .76 Rejection
Refer to my previous markup on CADCHF, there is obvious rejection at the major psych level .76... there is a daily resistance trend line. Looking for a longer term short to most recent lie and then one more short that extends to the Fibonacci extension.
The .76 is in confluence with a Fibonacci retrace net of 61.8% from recent/ relevenat swing highs and lows.
The .76 is in confluence with a Fibonacci retrace net of 61.8% from recent/ relevenat swing highs and lows.
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.