I see a huge potential buy coming on CADchf. But see the sell setup it gave and how it never finished out at trendline, 2 touches each side of diagonal. That green line below is the major trend line. Cad news Friday. Also, the 1.618 extension is that turquoise line, So it looks like it wants to got to that area (73.400), and, or, trend line. Then I will be looking for a diagonal/reversal pattern to complete and go the other way, later in the week. I will try to do a quick weekly outlook part 2 this morning and explain a couple pairs. If it pulls up I will not hold, but will get back in when price tells me too. This is a slow crawler, that's why I like it.
Kommentera:
I closed Cadchf, prefer Audchf