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TheRavensForex

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

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
TheRavensForex Aggiornato   
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Chart Patterns Wave Analysis
7
2
trendanalysis chartpattern waveanalysis
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 chiuso: stop raggiunto:
It gently hit the stop loss, we have another post here:
AUDCHF Weekly Buy - FIB 0.618 Retest, Bullish Reversal Setup

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AUDCHF Weekly Buy - FIB 0.618 Retest, Bullish Reversal Setup
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