This is my longer term view on the CAD/CHF eventually aiming for 0.90 area. There is currently another potential inverse H&S pattern in the works right now but we need to see a break above the 0.7750 level before getting too excited. We are currently at an interesting level having retraced to the trendline parallel, which is also a 61.8 retracement of the last move higher.
I have only taken a small long position here at 0.74450 with SL 0.73100 as i also see that we have a wedge pattern and am therefore open to another dip lower.
Any ideas or thoughts are appreciated
I have only taken a small long position here at 0.74450 with SL 0.73100 as i also see that we have a wedge pattern and am therefore open to another dip lower.
Any ideas or thoughts are appreciated
Comment:
As mentioned, daily wedge pattern and potential move lower
Comment:
Fingers crossed for a nice daily reversal candle
