CADCHF Completing Correction

FX:CADCHF   Canadian Dollar/Swiss Franc
Are we good to go? Is it a higher low, nicely placed at the lower median line parallel of the blue fork? It looks like CADCHF             has found nice support at the 0.382 retracement , which is way above the half-way of the May rally and thus seems to be a factor conducive to further up trend advancement. I find the CAD to be very strong and to have a lot of latent bullish potential, and yet it is way oversold. The CHF is still relatively weak, although not as weak as the NZD. I expect this market to make it to the prior high (the green level) or even to the blue median line . The stops for this trade idea should be kept below the lows to the left, ideally below 0.8155.
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looks like we are bottoming right now, possible double bottom in 1h(black line)
+1 Reply
Yes, I agree, it's quite likely to be the case.
perfect good luck
Thanks. :) It exceeded my expectations.
OK. Target hit. Mission accomplished.

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