CAD/CHF Buy Set Up Trend Continuation
CAD/CHF is presenting a trend continuation trade to the upside. Price have retraced 50% of the previous swing high and is showing some bullish rejection, the stochastic is also showing over sold momentum which indicate the Bulls could step in at this level as well. I am targeting a extension of the previous swing looking for a higher high to form. The current pull back from the previous swing high is complex and from a Elliot Wave perspective is a flat pattern. I personally entered this trade and I have stops below the low of the recent candlestick formation, but until we violate the previous higher low swing this idea would remain active
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.