CAD/CHF: Long position, break out
Updated
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!!!
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!!!
Comment
Update, we're ok.
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