AlbashafFX | Ascending Triangle, Breakout Soon, Be Prepared !
As you can see on the Daily Chart.
The Bulls are trying to break our Supply Zone but rejected immediately, indicating this is a strong Supply area, A Second attempt met the same ending at 12 May High.
But The Bulls are not leaving yet, a Strong Trend Line formed below our Structure High, Signaling next breakout attempt, and it getting closer into our next and last battle zone. This attempt will decide of CADCHF next movement.
Our most likely scenario are, the bulls will break our Structure high, Reaching our next Resistance Area, a slight pullback expected.
if the Price fall below our Trend Line then this setup will be invalid.
If you like an update of this analysis, please consider to follow.
Stay Safe, Stay Green Brother,
The Bulls are trying to break our Supply Zone but rejected immediately, indicating this is a strong Supply area, A Second attempt met the same ending at 12 May High.
But The Bulls are not leaving yet, a Strong Trend Line formed below our Structure High, Signaling next breakout attempt, and it getting closer into our next and last battle zone. This attempt will decide of CADCHF next movement.
Our most likely scenario are, the bulls will break our Structure high, Reaching our next Resistance Area, a slight pullback expected.
if the Price fall below our Trend Line then this setup will be invalid.
If you like an update of this analysis, please consider to follow.
Stay Safe, Stay Green Brother,
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