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GBP/CAD 1H Chart: Falling Wedge

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 29, 2016.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    EUR/CHF 4H Chart: Falling Wedge Comment: Last week, EUR/CHF exited the boundaries of the rising wedge that has been forming in the daily chart for 14 months. Accordingly, our overall bias is negative. In the shorter-term perspective, however, there will be an opportunity for a strong rebound, considering that at the moment the pair is trading between two bearish converging trend-lines, meaning the current downward momentum is dying off. Nevertheless, the upside is to be limited, presumably by

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