Strong bearish candle, with little lower shadow. Spinning tops before, means indecision. I will sell if monday closes further down.
Failed OPEC talks will drive oil prices down in the short term, stopping the cad rally. Waiting for a good entry point at market open/asian sesion. edmontonjournal.com
A good number of confluences to suggest a SHORT on CAD CHF could be on the cards.... Any thoughts?
IS CLEAR GUYS THAT CADCHF FORMED A REVERSE HEAD AND SHOULDERS AND WENT UP BUT IT DIDN'T BROKE THE TRENDLINE NOW I AM WAITING FOR A SELL TP @ 0.73000 ---> 230 PIPS HAVE FUN GUYS !
Possible trend continuation. Oil price is crucial for CAD value and may cause breakout from trend channel. CHF should also gain momentum.
CADCHF Bearish BAT - SHORT now tested XAD and BCD in the PRZ and retraced nicely off the 886 ratio. RSI on sell zone, no BAMM but not needed here as confimration
FX_IDC:CADCHF ALL published at completion point... Previous Gartley (before the 3Drives): Previous 3Drives pattern: Previous Butterfly: This completes the full sequence of harmonics until now! ;) Safe Trades;
FX:CADCHF Safe Trades;
FX:CADCHF PSYCHOLOGY OF THE THREE DRIVES PATTERN by LARRY PESAVENTO & LESLIE JOUFLAS "All patterns are formed by crowd psychology, and it is interesting and educational to study what forms any particular pattern. The Three Drives pattern is slightly different in its psychology, as it has three tops or bottoms that must form to complete the pattern, compared to...
CADCHF is heading towards the blue Zone to test the lowest Support Level . This gives us a sell option in the Short term and a long option in the Long run. Please Watch price action carefully before making an entry ( Fundamently CAD is weak so short term sell option is most probable..
Hoping to catch the wave down on this. Long term setup.