According to the FOTSI indicator, both on H1 and H4, there’s overbought pressure on CHF and oversold pressure on CAD — and this is exactly what we look for to take buy setups on the CADCHF pair. It’s the standard setup within the FOTSI strategy, with a pullback to the 50 and 100 EMAs.
Trade closed: target reached
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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.