Cadchf Buy D1 !!! Channel Analysis

14 thg 6, 2020

Cadchf for the most part have been channeling to the upside over the past months. price has recently tested the bottom of this channel and has shown strong rejection and buyers are trying to protect this area. Also it can be observed last friday's candle has closed above a strong structure level around 0.6990. price in the past has respected this area as support and resistance. if price manages to stay above this area and a valid entry is presented on a lower time frame i will be entering a buy only risking 1% targeting previous highs around 0.7177 and stops just below structure.