Swing buys on CADCHF

١٨ ديسمبر ٢٠٢٣

Price broke through previous resistance zone. Anticipating a retest of the newly formed support zone and then a pull to the upside. 4hr/daily chart indicating a possible inverse Head & Shoulders formation which will further support the probability for buys. Support zone may be our possible base for the formation of the 2nd shoulder. 1hr chart indicating price rejection on support zone and 15min showing a descending channel pattern towards the support zone.