On the weekly chart, CFX displays a promising bull flag formation. In the long term, it resembles a head and shoulders pattern around 0.09, with a favorable risk-reward profile. There are two resistance ladders on KDJ and Fisher indicators that need to be surpassed. The projected path is shown in black. The bull flag setup remains intact, even potentially retracing to the 0.07c area.
PS Notice the green highlights on indicators.
PS Notice the green highlights on indicators.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.