CAD/CHF - opportunity to go long from 0.6990
CAD/CHF entered today. After a bullish break out from both weekly and daily descending trend lines, price has now returned into a strong support zone of 0.6990. We now see a good possibility of a bullish continuation from this zone.
Some manipulation is expected around this strong support level hence the stop loss position below previous trend lines. Eventually we believe price will continue in a bullish fashion and at least retest the new highs created this week.
If price breaks and holds below weekly or daily descending trends again, we will exit the trade.
Some manipulation is expected around this strong support level hence the stop loss position below previous trend lines. Eventually we believe price will continue in a bullish fashion and at least retest the new highs created this week.
If price breaks and holds below weekly or daily descending trends again, we will exit the trade.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.