CADCHF: Some weird squares on a chart
Hi traders,
On the CADCHF I have used the "Date and Price range" tool to show the market movement. We can see that the square on the left took 2 day and 3 hours to gain 161.9 pips. Then it took 6 days and 9 hours to go down for just 97.7 pips. What does this mean? Bulls appear to have the upper hand.
The square on the right is a copy of the left, so basically an AB=CD pattern.
Cheers
On the CADCHF I have used the "Date and Price range" tool to show the market movement. We can see that the square on the left took 2 day and 3 hours to gain 161.9 pips. Then it took 6 days and 9 hours to go down for just 97.7 pips. What does this mean? Bulls appear to have the upper hand.
The square on the right is a copy of the left, so basically an AB=CD pattern.
Cheers
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