Inv Head and Shoulders seems to be forming on the CAD/CHF Minor Currency Pair.
There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart.
We need to wait for the higher low to form (right shoulder).
Then for the price to break above the neckline and it will be breaking above the medium term downtrend.
7>21
Price<200
RSI>50
Target 0.7303
INTERESTING FACT!
Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/
No not that! lol But I know you're thinking it.
The name "loonie" originates from the bird depicted on the one-dollar coin.
The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname.
The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
There is a fight between Canada and Swiss Franc and it looks like Canada is preparing the troops for upside in the chart.
We need to wait for the higher low to form (right shoulder).
Then for the price to break above the neckline and it will be breaking above the medium term downtrend.
7>21
Price<200
RSI>50
Target 0.7303
INTERESTING FACT!
Did you know how the CAD Canadian Dollar got it's nickname - Loonie from/
No not that! lol But I know you're thinking it.
The name "loonie" originates from the bird depicted on the one-dollar coin.
The common loon, a bird that is widespread in Canada, was selected as the emblem for the coin, leading to the currency's popular nickname.
The loonie was introduced in 1987 (my brith year) as a cost-saving measure to replace the one-dollar banknote.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
✅ Facebook:
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
facebook.com/groups/matitrader
🌐Website:
timonandmati.com
𝕏 (Formerly Twitter):
twitter.com/timonr
Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.