CADCHF: Trading Plan Explained 🇨🇦🇨🇭

CADCHF is approaching a strong daily structure resistance.
On hourly time frame, the price set multiple equal highs confirming the strength of that structure.

To short the pair wisely, wait for a bearish breakout of a rising parallel channel
(we need at least hourly candle close below its support).

Then sell on a retest.

Goals:
0.7332
0.735

In case of a bullish breakout of a yellow zone, setup will be invalid.

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Comment:

Check my new idea on CADCHF: