AlbionTrader

CADCHF Retracement

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
Impossible not to notice the uptrend on CADCHF the last two days; I would say this is a physiological retracement after a whole week trending down.
This is still well within the trendline and which is furthermore following a Fibonacci pattern so far.

The Fibonacci retracement on the H4 zoom shows the Fibonacci retracement as well.

Let's see what the market tells us tomorrow on that 0.236 level being tested on H4.

Cheers

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