ForceFollower
Long

CADCHF Heading For The Upper MLH

FX:CADCHF   Canadian Dollar/Swiss Franc
One of the strongest trends of the recent days have allowed this market to recover more than 61.8% of the last swing down (seen on a daily chart ). Now 0.83 is in sight. It can be reached and breached, as such strong markets tend to test the upper median line parallel.
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I just wonder, if CADCHF is in the process of forming a higher low...
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Here's my update to how I see it. I just wonder if the blue fork is going to reject price or admit it inside. :)
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Price found resistance at the black median line. It seems to be following the black fork rather than the blue one. It's just got back within the up fork, but seems to be rejected. It's probably going to go down now to meet the green sliding parallel.
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A bounce off the black median line?
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Expected a test of resistance at 0.8278.
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Now it's the clear the bulls are still strong.
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Know your enemy. Watching, if price finds resistance at the lines marked lemon green.
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HexVex ForceFollower
We had a nice bounce :) Have a good weekend!
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For the record, the CAD itself is still looking good overall, though facing the larger bear trend line.
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watching this one here
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