CADCHF: Potential Key Level Trade 🇨🇦🇨🇭

26 thg 5, 2022

CADCHF is approaching a peculiar zone of confluence on a daily:
we see a perfect match between fib.retracements of the last two bullish impulses and a horizontal supply area.

To buy that structure with a confirmation, pay close attention to a double bottom formation on 4H time frame.
0.7505 - 0.752 is its neckline. Wait for its bullish breakout (4H candle close above) and only then buy aggressively or on a retest.

Goals will be 0.756 / 0.76

If the price sets a new lower low on 4H, the setup will be invalid.

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