CAD/CHF: Long position by pull backIn this analysis ,we analyze Canadian Dollar/Swiss Franc and I see a potential long position that we can to get this long in CAD/CHF.
This it's our H4 analysis, and it's mean that made a pull back in H4 timeframe confirmed by this 2 bullish candlestick signal, a doji and a bullish hammer inverted. Both are bullish.
I buy right now, Stop loss in $0.6883 CHF and take profit in $0.6990 CHF
Good luck
***Tomorrow we have Canada Core CPI, that mean indicator of purchase consumer and it's used to measure inflation rate what are the sentiment of Canadian consumer into this economy.
Trendanalyssexplained
BTC/USD: Double Top; bearish patternBitcoin developed a double top in this timeframe, but as the past analysis of Bitcoin, my prediction was perfect when I was in long posiiton around $43,800 USD, but I see a weak in the price and that, I decide to closed up my long position as I knew that Bitcoin could to drop to $42,800 USD, but Bitcoin drop more what I expecting. However, my prediction was very good.
Now, we have this bearish pattern called double top that it's completely developing, but we need a confirmation of the neckline using price action. But I do not going to make any of this zone. Also, for reference, you can to use H1 as I see bullish divergence that could to be in H4 a confirmation that I need to entry in short using the price action.
We wait that Bitcoin go back to $41,500 USD, I recommend to put an alarm in this zone to still pending.