I've been saying for the past week that I saw Cad strength emerging. Who caught my NCAD sell? Cadchf
produced a bullish ab=cd
triangle as it broke the 1.618 extension
. It does have a trend line
below (Green line) that everyone is watching. The question is will it form a channel and pull down to it? Doesn't have to. There will be better confirmation next week, but the price action has been telling me it wants to pull up. They may close the week right here at this level within this pattern that it needs to break. Been forming this reversal pattern all week. I explained it in the weekly outlook
I think. Talked about the sell setup on part 2. Now I am back on the buy. I took profit on audchf
sell and will wait on it and the other chf pairs for price action next week.