CADCHF short against the high favoured. Maybe BOC done?
Updated
Chart is self explanatory. The large pattern (rising wedge) is a bearish structure. Price finished a 5 leg upmove and should now correct in a ABC fashion. Price could not confirm the break out at the high which is normaly a reversal sign.
I would expect as targets two meaningful trendlines broken during the ascending move.
I would expect as targets two meaningful trendlines broken during the ascending move.
Note
A Longer term view of the final target should the rising wedge be NOT broken to the upside: trendline starting in 2012.
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