CADCHF possible market moves over the next two weeks
The pair experienced a strong boost at the close of the market this Friday with rise of that many points in such a short period of time there is bound to be a pull back in the market to consolidate once again. using zones which make use of support and resistance strategies, Fibonacci retractment as well as trend analysis on a daily timefame, i have plotted out the possible market movement for the forthcoming two weeks.
SHORT Position:
If the market breaks he bottom of te zone at 0.76260 a short position should be opened and await a short drop to aound 0.75500 which will be followed by a rise back up to 0.75903 at fib and then a drop once again down to 0.74215
LONG Position:
If we have a break at the top of the zone at 0.76812 we will look for a long position up to the next zone at 0.78040 then a drop down to 0.77468 at fib and then a rise to break zone and push to 0.78771
SHORT Position:
If the market breaks he bottom of te zone at 0.76260 a short position should be opened and await a short drop to aound 0.75500 which will be followed by a rise back up to 0.75903 at fib and then a drop once again down to 0.74215
LONG Position:
If we have a break at the top of the zone at 0.76812 we will look for a long position up to the next zone at 0.78040 then a drop down to 0.77468 at fib and then a rise to break zone and push to 0.78771