Looking on the daily chart CADCHF is trending up and nretraced to fibonacci zone + priceaction support zone.
4h and 1h charts also looks like a possible reversal zone , So in the lower time frame itself there is a good risk reward ratio - not mansion the fibonacci extension and higher round number zone using the daily time frame which will give an extreme reward.
Best of luck :-)
4h and 1h charts also looks like a possible reversal zone , So in the lower time frame itself there is a good risk reward ratio - not mansion the fibonacci extension and higher round number zone using the daily time frame which will give an extreme reward.
Best of luck :-)
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.