CADCHF Market Commentary | 1st Jan 2021
Updated
First of all I would like to wish to every one who reads this a good year with lots of success and happiness. Now let's get in our topic.
CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time being we expect the same direction. With the help of Wave theory, a clean double combo is apparent enough. By using the wave principles and analyzing lower degrees of the movement (see charts below), a sharp bullish move is our best bet.
CADCHF has not really recovered from the covid market crash, which indicates a slow but steady - yet predictable - direction. We are watching price moving in an ascending channel since the start of August. So for the time being we expect the same direction. With the help of Wave theory, a clean double combo is apparent enough. By using the wave principles and analyzing lower degrees of the movement (see charts below), a sharp bullish move is our best bet.
Note
1H Aspect - Where to buy from? - Short term price action
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