CAD/CHF buy

13 Feb 2018

Cadchf produced a bullish gartley on daily and also a classic bat on 4hr. As to whether this will wind up being a very big trade, I can't say as of now. Cadjpy broke low, but when I look at chfjpy (which I have previously pointed out the downside) my choice would be cadchf. I believe it will either form a corrective flat or triangle to go down more, but could potentially be a much larger trade long term. If we have an ABC correction here on daily that would mean a lot of pips when it is ready. Keep in mind it may consolidate down more, didn't properly produce a diagonal yet, but if that happens, even better entry and confirmation. I will try to get a weekly outlook by tonight. I am small and will be monitoring this pair for potential setups. This pair is VERY choppy ans slow mind you...