Fxtoronto
Long

My take on CADCHF,( i try not to over-complicate things)

FX:CADCHF   Canadian Dollar/Swiss Franc
25 0 1
Like i said "i try not to over complicate things" but then again i have the tendency to do so even without trying. However we have some interesting things going on in cadchf             . This is one of my favourite pairs but i have been trying to avoid car for the past couple of weeks since i got stopped out almost everytime i got on cad trade. However lets talk about this trade
Firstly we have a falling wedge, with its target close to the 1.27 extension which is also a fresh supply level from August, 2015. Now within the wedge we might probably have an abcd pattern with its completion at 1.27 extension which is a previous Supply. Now i dont want to be very speculative but this is how i feel that the price action might play out. we might probably have a 3 drive pattern which might put the price back on the upper trendline of the falling wedge and that when i would like to get into this long trade.
I might just be completely wrong and price might just shoot up like a rocket.
But this is my take on this pair
Best of luck :)
IG @fxtoronto
Twitter @fx_toronto
Tradingview @fxtoronto
DM for coaching
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out