CAD/CHF Long Term View
This is my longer term view on the CAD/CHF eventually aiming for 0.90 area. There is currently another potential inverse H&S pattern in the works right now but we need to see a break above the 0.7750 level before getting too excited. We are currently at an interesting level having retraced to the trendline parallel, which is also a 61.8 retracement of the last move higher.
I have only taken a small long position here at 0.74450 with SL 0.73100 as i also see that we have a wedge pattern and am therefore open to another dip lower.
Any ideas or thoughts are appreciated
I have only taken a small long position here at 0.74450 with SL 0.73100 as i also see that we have a wedge pattern and am therefore open to another dip lower.
Any ideas or thoughts are appreciated
Note
As mentioned, daily wedge pattern and potential move lowerNote
Fingers crossed for a nice daily reversal candle
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.