FX:CADCHF   Canadian Dollar/Swiss Franc
59 9 4

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It will be interesting to see how this plays out. It appears the GBPCAD has some selling to do to catch up with the measured weakness. EURCAD appears to have overcorrected. xxxCHF is a great proxy for measuring the strength of the Base pair. In this case, CADCHF.
+1 Reply
JamesPowell coondawg71

areas of interest above and below.....one in the middle as well.
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JamesPowell JamesPowell

my bad my other zones did not show up maybe this is better
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JamesPowell JamesPowell

keep in mind some demand could form between current price and this circled area but at the moment it is a good possibility for a short. As for a target you have to wait and see what things look like when and if price gets to the zone. If demand forms in front of the zone i nullifies the trade or at least shortens the profit zone.
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JamesPowell JamesPowell

while i was posting this little possability inthe lower right started working. Its jumping the gun just now but looks like price wants to go up. Ideally one would wait for a cross of the pivot high at the blue line and if you get a recross of that same line then go long to the circled zone. Then short from there. This is all conjecture at the moment. Its just bad business to trade to zones. Its best to trade from zones.
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Nice, I was looking at that as a proxy to play on GbpCad or EurCad.
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Prits187 coondawg71

This is my EURUSD Demand become Supply
cheers guys good morning
+1 Reply
coondawg71 JamesPowell
..good morning James. If you get a chance, throw up a GbpCad chart please.
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