Canadian Dollar/Swiss Franc

CADCHF Upcoming Reversal Pattern?

59
This is an idea for the upcoming week.

CADCHF was in an uptrend making higher lows and higher highs and we had multiple waves in this trend. We then hit a resistance/flip zone at the 0.7440 zone. Where the trend began to exhaust. I am watching this 0.7390 zone because it is the higher low swing we are playing with and by definition, as long as we remain above this higher low swing, we are in an uptrend.

I am hoping to see a head and shoulders pattern which shows us a shift from one trend to another. In this case, our first lower high would be confirmed with this break and close below 0.7390 and confirming a head and shoulders pattern.

Our target would be the 0.7340 zone.

면책사항

이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.