CADCHF been channeling since Maj 2016, in a great way! But this time the channel lower TL meets with a very good support area which make me look very close for another opportunity to trade a new swing and this time is up! Oil is also in a PRZ area, that give us another reason to watch this pair closer. As always we don't just place orders just coz we have a good...
IS CLEAR GUYS THAT CADCHF FORMED A REVERSE HEAD AND SHOULDERS AND WENT UP BUT IT DIDN'T BROKE THE TRENDLINE NOW I AM WAITING FOR A SELL TP @ 0.73000 ---> 230 PIPS HAVE FUN GUYS !
Possible trend continuation. Oil price is crucial for CAD value and may cause breakout from trend channel. CHF should also gain momentum.
Short CADCHF StochRSI Over Sold and going down Price Reversing from Resistance (Purple) Breaking Counter Trendline (Red) Price is just below inner trend line of the down trend line
Formation of the wedge ending growth. Open position after breaking the lower limit.