Technician
Long

CADCHF: Bullish Reversal!

FX:CADCHF   Canadian Dollar/Swiss Franc
1496 13 19
A combination of pattern breakout and trend line breakout. The price could be forming a bottom following the breakout above the neckline of the Inverse head and shoulders pattern and the long term falling trend line.
The price is approaching 0.8212 swing high and potential horizontal resistance, where we might see a pullback from there for a retest of the broken trend line, neckline, which would be an optimum long entry around 0.8080-0.8100, targeting 0.8210 as first target, 0.8335 second and an aggressive one at 0.8525. I would limit my risk to 0.7960.

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ForceFollower
2 years ago
Yes, I agree and I like it. :)
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Technician TOP ForceFollower
2 years ago
Thanks again :)
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traderWgun
2 years ago
snapshot
Agree, will look to buy pullbacks.
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Technician TOP traderWgun
2 years ago
Great to see elliott confirm :)
+1 Reply
JimFred PRO
2 years ago
good catch
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alex.a
2 years ago
Hey, dude, you got my secret out to the public. LoL ~ Great to have the expert confirmation. Beside, look at that monthly chart ~ I think I can hold this for 5-10 years. LoL ~
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alex.a alex.a
2 years ago
snapshot
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alex.a alex.a
2 years ago
5-10 years is a joke... but at least a year. ^_^
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Technician TOP alex.a
2 years ago
Lots of potential there .. good luck alex
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Biglotz
2 years ago
Thanks for the heads up on that. (No pun intended).
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ZoltanCsaszar
2 years ago
Sound good, thank you.
Reply
metaldome
2 years ago
What do you think now?
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ForceFollower metaldome
2 years ago
I don't know about Technician, but here's my chart.
snapshot
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