CadChf- A bottom could be in place
Updated
Since the double top back in May 2022, the CadChf pair has traded in a clear and nice downtrend.
However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65.
A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved.
Keep in mind is a very slow pair!
However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65.
A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved.
Keep in mind is a very slow pair!
Note
Target reached
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