CADCHF- Price on Daily chart breaks through the most recent resistance level.
- We can see multiple times where price tested this level of resistance.
- We want to look for signals that this resistance level will now become support level.
- Watch for price to retrace back to support and continue to push higher.
- If we get bullish candles, watch for price to fall.
- 2:1 Risk:Reward Ratio
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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.