The BEARS are taking over CADCHF but are the BULLS really done
CADCHF Weekly Time Frame,
A trendline drawn from 2015 was broken and the retest seems complete. The retest was made by the formation of the bearish flag. We are also seeing the rejection of the price action by the 50EMA.
On DAILY TF
we the the break to the down side of an ascending triangle and 50EMA and the potential retest.
H4
An inverse Head and shoulder pattern is formed here and we are witnessing the retest.
overall i am more bearish on this pair.
I am patient enough for this pair and would only take this trade when something tangible enough to support my bearish bias.
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