MaryJane
Long

From one to the other action point?

FX:CADCHF   Canadian Dollar/Swiss Franc
167 0 24
If the pair can cross the last valid green "2" i exspect a further upmove to the tp 0.759

Former View:
CADCHF             reached ACTION POINT!
CADCHF reached ACTION POINT!

The pair reached the twioce tested Pivot Support Level again. This is an Action Point.
Here we see a Cluster of idicators: Here is based the EMA 200 which broke 2 days ago ( bearish ) - here is also based the EMA90 (supportive) and the 38,2 fibo (supportive).
Below that Level i exspect a fast dip.

1. Buy this Level, SL should be a bit below the 0,382 fibo retracement (risky)
2. Sell the breakout through that Level - sl should be installed a bit above the ema 200 ("low risk")

The RSI signs further downpotential. The green curve illustrates the declining bullish momentum...!

Comments are welcome -agree or disagree.
Comment:
snapshot
Trade closed manually: thread closed because tp was nearly reached - i missed posting it :-9
snapshot
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