CADCHF BIG SELL OFF COMING!
If you've been following my page, you'll noticed i've been talking about this BIG SELL OFF on CADCHF for weeks now, this is just a follow through of what we've been experiencing and expecting more of it.. It worth to know the behavior of any pair you seems to trade the most with ease.. We've had a number of patterns repetition on CADCHF that turn out to break structure in the same direction over time.. I'm talking about descending triangle in this context.
Price is till trading below the BEARISH FLAG, with another descending triangle formed on the 1H chart all through last week, i've this considered as a consolidation period for the next SHORT IMPULSE MOVE, i will be looking out for a break below the triangle support zone with retest holding to set price lower, targeting 0.6755 as first target and a move lower will expose our longterm 0.6600 target.
Price is till trading below the BEARISH FLAG, with another descending triangle formed on the 1H chart all through last week, i've this considered as a consolidation period for the next SHORT IMPULSE MOVE, i will be looking out for a break below the triangle support zone with retest holding to set price lower, targeting 0.6755 as first target and a move lower will expose our longterm 0.6600 target.
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