Price Action Analysis On CADCHF For Swing Traders 28/05/2019

In the 4H chart, we can see the CADCHF is bearish, In the 1D chart, we can see the price is ranging between 0.7600 at the top, to 0.7400 at the bottom, for now, there are 3 scenarios that we Should wait for,

1 – If the price reaches the supply above, it will be a great opportunity for sell position, the target for this position is the demand below,

2 – If the price will reach the demand below, it will be a great opportunity for buy position, the target will be the supply above,

3 – If the price will break out the supply above it indicates the price tends to reach the resistance at the top, in that case, we should look for price action setup to buy, the target will be the resistance At the top.