I made previous analysis on CADCHF from the 4h and Daily timeframes. Price printed a bullish Cypher and Bullish Gartley pattern and is now approach both 2nd take profit levels.
I expect a reversal because of that and also because another W formation is forming.
If price does not break the zone @ 0.70572 then I expect a retracement to the 0.618 level @ 0.69990.
If price does break the level, I have 4 areas marked on the chart where the possible retracement will begin.
I expect a reversal because of that and also because another W formation is forming.
If price does not break the zone @ 0.70572 then I expect a retracement to the 0.618 level @ 0.69990.
If price does break the level, I have 4 areas marked on the chart where the possible retracement will begin.
These analyses are my personal view on the market.
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Always assume my investment risk tolerance is higher than yours
I’m here to make money, not hold your hand. Never blindly trust any analysis you see online because it fits your bias (including mine).
Idee correlate
CADCHF Long
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CADCHF Cypher
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