The currency pair has been falling since 6 June 2023... It's gone on a strong downtrend channel, which has not been good for the Canadian Dollar. Lately it's formed not one but TWO bearish chart patterns. M Formation and Inv C&H And the price has broken below both the neckline and brim level. This means, there is more downside to come with a target of...
We can get a short selling trade from (0.75500 - 0.75600) zone TP1: 0.74650 TP2: 0.74100 SL : 0.76380 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your...
On the CADCHF abearish butterfly has formed. I believe the D leg is complete. Look for opportunities to sell. Cheers stay safe