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The_Cannalyst
29. Jul. 2016 08:46

CADCHF reached ACTION POINT! Short

Canadian Dollar/Swiss FrancFXCM

Beschreibung

The pair reached the twioce tested Pivot Support Level again. This is an Action Point.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago (bearish) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.

1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")

The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!

Comments are welcome -agree or disagree.
Kommentare
motleifaul
Did you manage this up and down?
motleifaul
This is really an action point. But the action is unclear now. Still trying the downside.
motleifaul
Now the short term is supporting this idea.
TAJIR_B
i see divergence on h1, maybe there is a space for move up
The_Cannalyst
hi tajir_b i agree...just wrote with another trader followin: if the wedge will not be formed, the next cyclical tp would be the Trends bottom @ ,738
s3.amazonaws.com/tradingview/snapshots/6/61du3Txb.png
don`t be surprized if we see a tiny upmove - at the Moment we are testing the in the past twice testet supportlevel
s3.amazonaws.com/tradingview/snapshots/l/L1I8aaSj.png
this test of the former bo-level would be classical :-9 the rsi signs an oversold Situation but not a buying Signal yet.
s3.amazonaws.com/tradingview/snapshots/r/R9bdsNgJ.png
The_Cannalyst
The_Cannalyst
The_Cannalyst
The_Cannalyst
The_Cannalyst
tp reached - made a new "2"
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