CADCHF Breakout H4 View
CADCHF seems to be about to have a major breakout on the higher timeframe..looking at the H4..u see a zoomed in look of wat could end up being a big 1.2 wave if confirmed. Its been playing out rather orderly but patience was key...Supply on the 10th of November was actually a bullish sign. The move took out previous supply..and the move down was a return to liquidity for a refuel. As market consolidated mid december..I was expecting a break from there, but market squeezed lower for one last time. Starting this year we finally got a break above down channel . Retest demand on the 11th..consolidation and break. Ideally price should not return back into December value let along range. Lets see how it plays out.
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