CADCHF: Range Breakout
CADHCF has been in a range since August 2024. This range is quite wide at approximately 160~ pips.
Another observable detail is that the upper range boundary breached twice - once in November 2024 and then again last month, in January 2025.
Right now, in early-February, price is showing signs of breaching the upper range boundary again. Unlike the previous breakouts, this one seems more sustained.
Right now, the daily ATR is 41.4 pips. This sets my trading parameters at TP 20 and SL 41.
Another observable detail is that the upper range boundary breached twice - once in November 2024 and then again last month, in January 2025.
Right now, in early-February, price is showing signs of breaching the upper range boundary again. Unlike the previous breakouts, this one seems more sustained.
Right now, the daily ATR is 41.4 pips. This sets my trading parameters at TP 20 and SL 41.
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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.
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.