CADCHF: Major Trend Line & Confirmation 🇨🇦🇨🇭

2 thg 12, 2021

Hey traders,

Update for CADCHF pair.
The market has recently dropped to a major rising trend line.
Taking into consideration that the pair is trading in a bullish trend since 2020,
we may catch a trend-following move from that.

Analysing the intraday time frames, follow a falling parallel channel on an hourly time frame.
Its bullish breakout will be your trigger to buy the pair.

First goal will be 0.7275

In case of a bearish breakout of a trend line on a daily a further decline will be expected.

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