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.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.