cadchf is forming a triangle pattern at the end of an impulse. i am expecting some sort of impulse up. how far it will go i will judge by the patternns formed as the bull waves form. could be an official weekly chart breakout or we need a retracement before the rally. on the short term though we could sell this breakout of prices. that my first red arrow indicates. after we could look for a move up and possibly a slight break of the lower trend line
Trade active:
whos selling the retest of the break??
Trade closed: stop reached:
hmmmm.... where to now cadchf?? usdchf also retraced on me but no sl hit. watching price action closely. maybe something has happened to the swiss currency. either way i still hold a bearish bias for a retracement to complete the E wave
David K Giraldo
