FX:CADCHF Tradingview should start think to remove the hashtags like "harmonicpatterns" and "gartley" from platform... We do not want to be sued by gurus ;) Gurus suffering from an huge equity drawdown ? Cruel state of mind, there are drugs in pharmacies! No comments... Now the chart: Major pattern completed and rolling; Eventual "rabbit" pattern (orange)...
head and shoulder. I'm just curious to see how it plays broke resistance level, was it a fake out or not.
Looking at the daily time-frame for cadchf , we can see that the pair is making a lower lows then a bullish correction . We have 2 fibs extension and inversion that comes @0.75585 and an abcd pattern completion + a bat pattern . Is this the end of the bullish trend !!!
We've bought Swiss franc, Bearish bat - see the chart I posted last week below.
Looking in from the monthly, weekly, daily, multi time analysis is suggesting and showing a huge strong down trend macd divergence. Got CHF CPI news coming up - up that is good and will help out our trade. Price has broken key .7000 level. TP Set at .69200 - will watch and may manually move to .68800 if there is strong momentum