CAD/CHF Potential Bullish Setup
Global trend is down but price has been in a retrace since early May and currently testing a strong resistance which coincides with the FIB 0.382 of the retracement just a few pips above, price has been nicely following a rising trendline support on the retrace as well.
On the 4HR it is forming an ascending triangle, I expect price to test the trendline a few more times and maybe range a bit before it will break out, I will wait for a 4HR candle close above the retrace and buy on the retrace, BE will be set at 0.68541.
This is not a signal and use proper risk management.
Thanks
Munky83
On the 4HR it is forming an ascending triangle, I expect price to test the trendline a few more times and maybe range a bit before it will break out, I will wait for a 4HR candle close above the retrace and buy on the retrace, BE will be set at 0.68541.
This is not a signal and use proper risk management.
Thanks
Munky83
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