CADCHF Bird's Eye View

2018년 9월 22일

The lower timeframes have price action pointing downwards to 0.072200. The core resistance levels on these lower tfs overlap with the current volume-price divergence on the Weekly. On the flip side 0.072200 could turn into a PRZ due to the possibility of the formation of a Bullish Crab pattern at that level sandwiching the PRZ between 0.072200 and 0.071167 (which is strong support that is yet to be tested. Lest we also forget the bullish divergence on the bullish monthly candles of March and April (Yup we are sitting right on that!). I will post the bearish price structure I have placed my stop loss above and we will see if it will hold or not.