CAD/CHF: Bullish Gartley Pattern
Canadian Dollar/Swiss Franc forming an interesting bullish pattern harmonic pattern that could to find up these targets to the long position. Right now, in the moment, I believe that Canadian Dollar will weak until right now, as I analyzed in Daily analysis for reference, it's very important to analyze in H4 and H1 timeframe if all analysis fall. But, so, I'm bullish in short term in CAD.
So guys, in Daily timeframe it's very key to analyze it. As I analyze in H1 timeframe, it's bullish. So, CAD could to hit these yellow resistance key to watch up
So guys, I put a long position in this buy order limit at $0.7400 CHF and my SL at $0.7372 CHF and my maximum target at $0.7525 CHF. If this par hit the 5 targets that I show up in Fibonacci level we could to get 123 pips.
So, my targets that CAD/CHF could to reach are:
1) $0.7437 CHF (0.382% Fibonacci): 36 pips
2) $0.7471 CHF (0.618% Fibonacci): 71 pips
3) $0.7494 CHF (0.782% Fibonacci): 96 pips
4) $0.7525 CHF (1.000% Fibonacci): 125 pips
So, a good targets that could be conservative it's in the 0.618% Fibonacci around of the price $0.7471 CHF. Because this target it's possible to hit. But I show these 4 targets where CAD/CHF could to hit.
So guys, in Daily timeframe it's very key to analyze it. As I analyze in H1 timeframe, it's bullish. So, CAD could to hit these yellow resistance key to watch up
So guys, I put a long position in this buy order limit at $0.7400 CHF and my SL at $0.7372 CHF and my maximum target at $0.7525 CHF. If this par hit the 5 targets that I show up in Fibonacci level we could to get 123 pips.
So, my targets that CAD/CHF could to reach are:
1) $0.7437 CHF (0.382% Fibonacci): 36 pips
2) $0.7471 CHF (0.618% Fibonacci): 71 pips
3) $0.7494 CHF (0.782% Fibonacci): 96 pips
4) $0.7525 CHF (1.000% Fibonacci): 125 pips
So, a good targets that could be conservative it's in the 0.618% Fibonacci around of the price $0.7471 CHF. Because this target it's possible to hit. But I show these 4 targets where CAD/CHF could to hit.
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