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.