CAD/CHF poured down from the highs steeply.
It hit the support level of 0.74854 and made a U-shaped correction.
Now, it is at a critical price action resistance zone which could cap the rally.
Hence, traders can sell on rise expecting a move to the support level of 0.74854.
It hit the support level of 0.74854 and made a U-shaped correction.
Now, it is at a critical price action resistance zone which could cap the rally.
Hence, traders can sell on rise expecting a move to the support level of 0.74854.
Trade closed: target reached
Cash-out 80+ pips.!
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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.