Building the road from point "C" to "D". A long move is occuring. On the 1h time frame a cypher has been made and a long move is likely to happen.
When point "D" will be hit, the pattern is completed and a short isthen plausible. Hereby T1 and T2.
Thr RSI is making a higher low. If the Oversold level will be hit, a nice pattern is to be formed.
If the 127.2% is hit , then we can go to point "D". Hereby the T1 & T2...
If this pattern reaches point "D" a short is plausible
a fibo 61.8% retracement is to be expected...
As the RSI is leaving the overbought region, point "D" is more & more a plausible target. Hereby T1 and T2.
CADCHF : after a double bottom and a price action raise, a 61.8% retracement is to be expected
EURCAD : a cyphern pattern is detected (bending a bit the point "C" rule, technically). Hereby T1 & T2
Downwards move to be expected : short position possible. Hereby T1 & T2.
When point "D" will be hit, a plausible retracement is to be expecte. Hereby T1 & T2.
There is a possible short opportunity. Hereby T1 & T2
A double bottom was made in 2003 & 2009. In 2013 we broke its neckline and created till end 2015 a new structure high. A healthy retracement should occur towards former top or to the golden mean of the last bullish move.Only end 2017 a new bullish move should occur . . . let's wait & see . . . ;) So Target 1 (in 2016 on monthly base) : 1576.9 And Target 2 (in...