CADCHF was in a big downtrend but major support zone around 0.67800 made price redirect up
The young Uptrend channel is evolving
Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA
So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71
To add to this analysis, last week's Thursday and Friday Day candles rejected closes below the 0.69 or 0.688 high levels contributing to the Weekly TF close as a bullish engulfing candle with a positive growth twice the size of the previous week.
===========
* If you like this idea please leave a comment so we can talk about it
* Remember that it´s never a straight line to the target.
* BIG profits to you ALL!!!
===
I am happy and grateful to the Universe
and myself for both teaching me how
to trade and multiply my money by thousands
My money grows every day. Thank you
The young Uptrend channel is evolving
Price has bounced today from the lower channel line at 0.68604 and is coinciding with the 50 EMA
So we are most likely waiting for the price to bounce higher up to the 0.692x area. Maybe further to 0.71
To add to this analysis, last week's Thursday and Friday Day candles rejected closes below the 0.69 or 0.688 high levels contributing to the Weekly TF close as a bullish engulfing candle with a positive growth twice the size of the previous week.
===========
* If you like this idea please leave a comment so we can talk about it
* Remember that it´s never a straight line to the target.
* BIG profits to you ALL!!!
===
I am happy and grateful to the Universe
and myself for both teaching me how
to trade and multiply my money by thousands
My money grows every day. Thank you