This is an added comment to an idea published by Razvan titled "CADCHF - BEAUTIFUL PRICE ACTION "
A Well formed and long lasting downward channel plus an inverted Head and Shoulders. Confirmed trade target with Fibonacci Retracement and Extension.
Look at this beautiful price action. The price is pressuring on the trend line of a down channel and the base line of an Inverted Head and Shoulders. If it will manage to break and close above this area we could expect a rally to 0.8527, where it will find the price pattern's target. A false breakout here could only signal a continuation of the down trend.