The pair has been moving in a falling channel pattern for half a month. The prices have completed the re - test of the upper ceiling at 0.74703 and has started to move towards the south, creating an opportunity to short the pair. The expected target for it to reach is, initially at the centre of the channel at 0.73998 (centre line shown by the dotted line). If the...
CAD/CHF has bounced sharply to the highs of 0.75969.
It consolidated in the highs with a flat correction.
The MACD indicator moved into the sell zone owing to correction but has now reversed to the buy zone.
We expect the pair to higher and trade with positive bias from here, however, the counter might find support at the trendlines which we indicated in the chart...
ALERT SIGNAL FOR POSITIONAL
TRADE ALERT SIGNAL
SELL ENTRY 1 - .76501
SELL ENTRY 2 - .76841
TARGET 1 - .76181
TARGET 2 - .75849
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HOW WEEKLEY WIT SIGNAL IS VALID
FOR DAILY INCOME TRADER(DIT)
1,IT IS VALID UPTO 24 HOURS,ONCE IT HITS THE...
CADCHF Formed 4H chart Bullish Wolfe Wave Chart Pattern
We are expecting that 0.73345 is it took the support of trend line.
If hold that support then can lead 0.74500, so down side is limited and its opportunity for buy on dips
What looked like an almost free fall from 0.73982 to 0.73355 today for CADCHF is currently halted.
It is respecting the falling trendline with good risk reward trade for short term, potentially it is forming an Inverse H&S, this fall would potentially will make the head before heading to create right shoulder.