CADCHF: Bullish Reversal seen

After consolidating for 8 days, price made a strong break to the downside but met with a DZ and immediately responded with a stronger bullish impulse that took out the top of the consolidation. IMO, the bearish breakout is a move to trap the breakout traders with the smart money happily accumulating right below. I see a shallow pull back before another bullish move targeting the last swing high. Will be looking for a LONG entry.

DISCLAIMER:
Any opinions, analyses discussed in this presentation are just my personal opinion and do not constitute investment advice.
I do not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.