CADCHF short term bear with long term bull potential
CAD has been rough these couple weeks, bad employment data last week plus terrible CPI and inflation data on past Friday, which really drags down CAD or CAD related pairs.
For CADCHF, I'm planning to let it fall for a while, but I'm not tending to be full bearish. If we zoom out to weekly chart, personally, this crosspair has been built up a huge foundation for the future rises since the horrible dump from early 2015. For now, I'm thinking we are currently forming a bullish movement to the huge upside.
s3.amazonaws.com/tra...shots/o/oBZDEMHt.png
As the chart I have, I'm thinking that we may be forming a potential Cup & Handle formation, which could lead us to an upside, maybe 0.822ish area. But still, it's a bit early to call that since we need to see the Handle being formed.
Anyway, that's just my personal thought, lemme know what you think about this~
For CADCHF, I'm planning to let it fall for a while, but I'm not tending to be full bearish. If we zoom out to weekly chart, personally, this crosspair has been built up a huge foundation for the future rises since the horrible dump from early 2015. For now, I'm thinking we are currently forming a bullish movement to the huge upside.
s3.amazonaws.com/tra...shots/o/oBZDEMHt.png
As the chart I have, I'm thinking that we may be forming a potential Cup & Handle formation, which could lead us to an upside, maybe 0.822ish area. But still, it's a bit early to call that since we need to see the Handle being formed.
Anyway, that's just my personal thought, lemme know what you think about this~
Trade active:
got some money in at 0.7635
Trade active:
50% fib retrace hit, add the 2nd lot
Trade closed manually:
fk...