CADCHF push to the supply and SELL
Last week's price has been steadily rising up, showing some signs of Wyckoff's redistribution.
We're patiently waiting for the price to reach the 0.756 area, and if/ when that happens we'll be looking for SELL opportunities (expecting the price to reach 0.747 area). But we'll have to see a clear Break of Structure to the downside first (possibly on the lower time frames).
However, if the 0.757 zone is breached, we'll look for the structure formed and decide on the later moves.
Happy trading.
We're patiently waiting for the price to reach the 0.756 area, and if/ when that happens we'll be looking for SELL opportunities (expecting the price to reach 0.747 area). But we'll have to see a clear Break of Structure to the downside first (possibly on the lower time frames).
However, if the 0.757 zone is breached, we'll look for the structure formed and decide on the later moves.
Happy trading.
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