geckotrade

CADCHF Bullish Presence

Long
FOREXCOM:CADCHF   Canadian Dollar / Swiss Franc
No specific trade opportunity here, just anticipating a bullish move on this market. Price has created a head and shoulders pattern after breaking out of last months' consolidation. Price has also broken above previous market resistance and has formed a bull flag pattern. I'd still like to see another break to the upside considering that this market is currently at significant structure. If this market does go up I'll be looking around the 0.75800 level, which gives us some Fibonacci confluence.
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