Price have broken bullish trend line. Now is doing a retracement with low volumen. Searching a bearish movement till S-2.
If the price go to @118,187 then we have a bearish signal. That signal is made by previous resistance + Harmonic pattern
And there it goes again. I'm liking the soft dollar however recent events in Canada could also spark weakness in the CAD. I will continue to monitor this pair as it seek to move close to the Fib of the current move to the downside. Event Risk Thursday, May 12, 2016 07:30 USD Export Price Index (MoM) (Apr) 0.1% 0.0% 07:30 USD Import Price Index (MoM)...
Looking at the daily time-frame for cadchf , we can see that the pair is making a lower lows then a bullish correction . We have 2 fibs extension and inversion that comes @0.75585 and an abcd pattern completion + a bat pattern . Is this the end of the bullish trend !!!
Longer Time Frame - still Bearish! www.facebook.com
Berish Cypher and Bat completion let take both when complete 1:1 Risk to Reward
We have a nice Bearish Bat in GBPCHF, who is aligned with the ongoing down trend. - See more at: myforexuniverse.com