CAD/CHF Buy Set Up Trend Continuation

11 thg 5, 2020

CAD/CHF is presenting a trend continuation trade to the upside. Price have retraced 50% of the previous swing high and is showing some bullish rejection, the stochastic is also showing over sold momentum which indicate the Bulls could step in at this level as well. I am targeting a extension of the previous swing looking for a higher high to form. The current pull back from the previous swing high is complex and from a Elliot Wave perspective is a flat pattern. I personally entered this trade and I have stops below the low of the recent candlestick formation, but until we violate the previous higher low swing this idea would remain active