CADCHF

31 Mar 2018Price has reached a strong psychological level of resistance and couldn't break it. A harmonic Butterfly pattern has been completed at that zone of resistance and price has began a reversal from D. Preparing for a break below the 200 EMA with a possible swing trade SHORT to exit on lowest trend line where price is likely to find support. A LONG swing position is expected there after to retest the resistance zone again possibly breaking it.