ColmoreFX

CADCHF Continuation

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
Traders, CADCHF came to our attention this week as we identified CHF (Swiss Franc) as a week currency. We paired this with our strong currencies and looked for set ups. CADCHF came and re-tested a weekly support zone and 1hr channel support. From that we saw a double bottom and traded the re-test of that price action. Looking for CADCHF to take out the daily high circled before looking to add in.

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