We have been seeing layers of support after the CADCHF broke through its boxed consolidation as it approached the stong demand.
I call that the rally base demand ,price currently as retraced back to that area and rejected hence the buying pressure as of today .what I want to see price do is to keep its bullish momentum and as it approaches the next strong area of resistance
Its pullback is where I looking forward catch some longs.
This has been a slow week, hopefully Friday might round it all off .
Tell me what you think
I call that the rally base demand ,price currently as retraced back to that area and rejected hence the buying pressure as of today .what I want to see price do is to keep its bullish momentum and as it approaches the next strong area of resistance
Its pullback is where I looking forward catch some longs.
This has been a slow week, hopefully Friday might round it all off .
Tell me what you think