CADCHF technical analysis part 1 #forexeducation #forextrading #forex #forexsignals

is the— that's an indicator of mine I use, or the Bollinger Band. Uh, so look what happens here since this last breakout. The areas— there is a zone of Bollinger Band duplication, absolutely classical, uh, technical condition. Besides that, look what happens here on the lower band of the Bollingers. We are riding for more than 20 candles on the lower Bollinger. Without any significant pullback. So for several weeks it was flirting with the level, and here comes the explosion. Usually this is a sign that there is much more to come on the weeks to follow, maybe not instantly, but on the weeks to follow. Uh, we besides that take a look on this condition. While the market is making lower lows, the indicator, in that case the MACD moving averages, as well as the histogram and the RSI On the last 2 lows, we're making bullish divergence.