However, I have an analysis on a different pair.
CADCHF
149171
CADCHF has gotten to the point of a strong resistance, which can be seen as a trend line on the chart, on the other hand, another factor that makes it strong as we can see is that the chart is a daily time frame, therefore when such a signal forms on a daily time frame, there is every chances that it gets to be more stronger and also move as expected.
Furthermore, we can see that the zone of 0.75943 is a strong resistance zone. It has caused a lot of reversal, therefore to this, I think it should be able to take price lower, but I am thinking that when the market opens, the London session might want to take price more higher, then when this happens, we might then get to see the possible reversal happening in New York session. Therefore lets see how it works.
Good morning mate I show your cadchf analysis it's really good and I also agree with you because I show on your chart it's try to makes a good chart pattern which are says it's will be continue go down. I also show cad makes weak and chf try to makes strong so both will be help it to continue go down. Hope your next trade will be give you good profit. Best of good trading.
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