CADCHF – Clear bearish market condition

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



Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.