CAD/CHF Technical anaysisThe CAD/CHF pair is currently trading above the 4/8 Murray math line.
It is also in a strong uptrend and is currently consolidating.
We expect the momentum to continue and move towards 0.75069.
SWISS FRANC / CANADIAN DOLLAR
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Trade ideas
CADCHF Formed 4H chart Bullish Wolfe Wave Chart PatternCADCHF Formed 4H chart Bullish Wolfe Wave Chart Pattern
Technical Analysis:
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.
The price re-tested 23 Feb 2018 lows and bounced back being supported by really high stopping volume at point 5 of the grand Wolfe-wave.
Good trade of short in CADCHFIt 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.
