(4h, $CADCHF)
{4H, $ CADCHF}
The general price movements is in an descending-channel after confirm the support / resistance-levels.
{Previous Price Action}
the price got pulled back from the resistance-level of the descending-channel, Since the pullback, the volume start decreasing and this can give us a signal that the price in non-sensitive place inside the Rectangle-pattern.
{Current State}
the price got rejected multi-times from the rectangle-pattern to confirm the pattern and while there's no signal of potential breakout out yet we should expect the breakout could be to the downside by looking to overall trend direction.
{The Plan}
the deal now is to wait for the price to confirm it's direction after breakout in order to trade following the general price movements.
{Alerts}
Set Alert at (0.745) level to catch next Short movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
{Original post}
stocktwits.com/itsFiras/message/178267247
{HQ Chart}
ibb.co/XzZsv6w
The general price movements is in an descending-channel after confirm the support / resistance-levels.
{Previous Price Action}
the price got pulled back from the resistance-level of the descending-channel, Since the pullback, the volume start decreasing and this can give us a signal that the price in non-sensitive place inside the Rectangle-pattern.
{Current State}
the price got rejected multi-times from the rectangle-pattern to confirm the pattern and while there's no signal of potential breakout out yet we should expect the breakout could be to the downside by looking to overall trend direction.
{The Plan}
the deal now is to wait for the price to confirm it's direction after breakout in order to trade following the general price movements.
{Alerts}
Set Alert at (0.745) level to catch next Short movements after breakout & getting all Confirmations
{Valid Pattern}
Rectangle-pattern
{Original post}
stocktwits.com/itsFiras/message/178267247
{HQ Chart}
ibb.co/XzZsv6w
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