CADCHF – Clear bearish market condition

Written by Raul Lopez on February 17, 2011. Posted in Trades & Analysis

The first thing that I look for before I start trading any currency pairs id how the market is trading in the long term charts to determine the market condition, I like to see clear support & resistance levels. Today, the currency pair that I like the most is the CADCHF, it has a very clear bearish market condition, it is being rejected consistently from both, the main support and resistance levels:

The short term charts confirmed this condition when it broke the support level of the short term range.

Trade Safe!

Raul Lopez
Forex Training

Tags: CADCHF Analysis

Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Training. Read more about me.

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