TheRavensForex

CADCHF Weekly Buy - finished 0.618 retest area, ready to push up

Long
TheRavensForex Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF experienced a powerful daily bullish candle last week, indicating confirmed buying volume. It has since retraced back to the FIB 0.618 area, creating a higher low formation with the 3rd wave of a reversal wedge pattern. Based on this, we anticipate CADCHF to push higher, targeting the price area of 0.684.
Trade closed: stop reached:
It gently hit the stop loss, we have another post here:

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