
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
2019-11-11 • Updated
Trade idea
SELL 0.7495; TP1 0.0400; TP2 0.7250; SL 0.7520
Take a look at the weekly chart of CAD/CHF. A longer-term trade idea may emerge from here. As you can see, the pair formed 2 doji candlesticks near the 100-week MA (0.7580). Other moving averages will provide support at 0.7520 and 0.75. The loss of that level, however, will confirm a top and send the price down to 0.74 and 0.7250 in line with harmonic patterns. This trade will take time.
Historically, the stability of the franc is caused by the solid Swiss economy and a highly developed banking system…
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