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CAD/CHF: Long position, break out
Canadian Dollar / Swiss Franc
Long
CAD/CHF: Long position, break out
By harisonhbn9718
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Updated
Jul 7, 2022
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Jul 4, 2022
Candian Dollar/Swiss Franc formed a bearish channel in H4 timeframe and made this break out and pull back in the H4 timeframe
This it's the Daily timeframe and we supported the zone of $0.7400 CHD like key support strong in Daily chart as bull continue climb the price.
But now, in H1 we pass the pull back confirmed and I think that CAD/CHF will go bulish now.
I entry right now in the price of $0.7471 CHF, Stop Loss to $0.7445 CHF (24 pips) and target to $0.7552 CHF (83 pips)
I hope that this analysis support you!!!
Good luck!!!
Jul 7, 2022
Comment
Update, we're ok.
Beyond Technical Analysis
breakout
CADCHF
Chart Patterns
Descending Channel
Exponential Moving Average (EMA)
priceactionanalysis
pullback
Trend Analysis
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