CADCHF Forecast & Trade setup 31st March, 2014
CADCHF Forecast & Trade setup 31st March, 2014
Daily Chart
Hourly Chart
- Although the Daily, Hourly charts MA has not crossed , on the H1 , price is trading below the 50ma
- Also 15min has crossed, and 30min is very close to being crossed
- With the Daily Candle Shooting star from a Good Resistance and with a sharp drop in price in the H4, shows good indication of a bearish trend for the week
Outlook Trade opportunity
I am already on a short during the asian session on Monday, If prices go retrace to teh highlighted level on my H4 chart above, it would be a good opportunity for a short for a smaller risk.Risk Level LOW
Tips -
Always take note of any economical news event on our provided calender below
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