CADCHF: Waiting For Breakout
Updated
CADCHF is stuck within a local horizontal trading range on 8H.
I am waiting for its bearish breakout to short the pair and catch the next swing move to the downside.
Next support - 0.7275
Remember, that while the price is within the range,
its future direction is uncertain.
In case of a bullish breakout of the range, a bullish move will be expected.
The next resistance will be 0.747
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