CAD/CHF Long Term View

18 Nis 2017

This is my longer term view on the CAD/CHF eventually aiming for 0.90 area. There is currently another potential inverse H&S pattern in the works right now but we need to see a break above the 0.7750 level before getting too excited. We are currently at an interesting level having retraced to the trendline parallel, which is also a 61.8 retracement of the last move higher.

I have only taken a small long position here at 0.74450 with SL 0.73100 as i also see that we have a wedge pattern and am therefore open to another dip lower.

Any ideas or thoughts are appreciated

18 Nis 2017

Not

As mentioned, daily wedge pattern and potential move lower

3 May 2017

Not

Fingers crossed for a nice daily reversal candle