"A great opportunity to go Long CADCHF " by trader khansalarehsan — published 2018-07-16

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Long

Canadian Dollar/Swiss Franc (FX:CADCHF)

FX:CADCHF Canadian Dollar/Swiss Franc

trendanalysis harmonicpatterns chartpattern

CADCHF

Comment: Dear Friends,

As you know I am still in USDCAD short trade,

Click and Play

I think weighted average CAD can potentially appreciate and get to the next level of Fibo overlaps.

CAD Yields never visited the rising trend line

CHF bouncing to visit the EMAs and then continuation.

SXY breakout to the correct side of the wedge is clear

Regards,

KHAN

Comment: CAD is likely to break the topside as I updated USDCAD post. Here is also CHF average

Comment: A flag formation on CAD weighted average

Comment: Compare the following chart with the chart above.

A beautiful Flag breakout...

Comment: Thanks to Leefuri

https://uk.tradingview.com/chart/9iR2VAm5/

Comment: Almost there ;)

Comment: 0.7687 HUGE selling opportunity

Comment: Added the following trade

Comment: Nice add on

it is indeed. I have been following this trade from the beginning, at one point i did nearly cut my losses but decided to persevered. Happy i did. Great turn-a-round

danielmulkerrins

@danielmulkerrins, To be honest with you same here. That is why I always stick to ONE major Fibo and use it to set up my SL and TP. See Fibo again.

Alternatively....