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CADCHF Buy Idea
Canadian Dollar/Swiss Franc
Short
CADCHF Buy Idea
By VladimirRibakov
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May 9, 2019
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May 9, 2019
W1 - Price is nearing the top of the triangle pattern.
D1 - Double wave up, price still has room higher towards the critical zone formed by the 61.8 fibo level and the top of the weekly triangle.
H4 - Double wave down, price has reached a strong support zone, potential bullish divergence.
H1 - We have a critical zone that has formed based on the fibo levels of the cycle and the support zone.
Price has reached this critical zone, we may now look for evidences of bullish pressure in order to join the bulls.
Bullish Patterns
buy
CADCHF
criticalzone
doublewave
Trend Analysis
VladimirRibakov
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