TGIF everyone,
Another beautiful weekend has come knocking once more.
A beautiful chart pattern just caught my attention…
1. CAD/CHF
On the 4 hours chart of the CAD/CHF, we have the bears slashing through a key support level (0.74358).
The 10 pm candlestick closed as a Marubozu, signifying a strong bullish move. The 2 am candlestick is also showing signs of authenticating the previous Marubozu, by showing long wicks (Not John Wick).
If the 2 am candlestick closes with any of the bullish Doji’s, we may most likely see price hit the next possible support level (0.73906)
Alright, we are done for the week, thanks for your time guys, and do make it a date on Sunday, where we will critically analyze what we should be looking at in the market in the first week of next month.
Wishing you a grand weekend.
