CADCHF: Potential Long Trade Explained 🇨🇦🇨🇭

1 באפר׳ 2022

CADCHF is coiling on strong structure support.
To buy the market with a confirmation watch 0.74 - 0.7415 horizontal minor resistance.

Your trigger will be its bullish breakout. You need 4H candle close above that to confirm a breakout.

Then a long position should be opened on a retest.
Goals will be 0.74444 / 0.74589

If the price breaks horizontal support to the downside, the setup will be invalid.

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