CADCHF may soon start Bullish Rally!
As we can see it has marked all time low recently but it has strong support at 0.64746 from where we are seeing buying again & again, forming a descending triangle but there are higher chances of bounce back from the support and may start to print new Higher highs & Higher lows.
In that case we will take ride into it once it breaks the triangle upwards & retest for Higher low so we can confirm to enter for trade.
However it seems like if it will start rallying upwards so it won't stop soon so make sure scale your positions for TP1,TP2 & TP3.
In that case we will take ride into it once it breaks the triangle upwards & retest for Higher low so we can confirm to enter for trade.
However it seems like if it will start rallying upwards so it won't stop soon so make sure scale your positions for TP1,TP2 & TP3.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.