patterntrader

CADCHF Broadening bottom?

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FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF pattern looks more like the formation of a broadening bottom. Now that it touched the top of the trendline, it is possible to have a pullback. Pullback can be mild or can retrace around 61% of the impulsive wave. This kind of patterns are generally bullish. I am expecting a pullback to get in to the wagon.
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