CADCHF Long The BreakoutHELLO TRADERS,
We are currently correcting and now you should look to long the continuation move up wards.
Note: If it makes 1 more down move to 0.74384 zone it will just be completing a slightly more complex correction. Doesn't change that the big move is still going to be up side!
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Cadchflong
CADCHF - Long opportunityBroken up through kumo on day chart and oil seems to be trading higher this week. Im predicting this rise to continue until next major area of resistance near top of last peak, before price reverses to stay working within its large range. Chikou span is above kumo and conversion has crossed up through base strengthening bullish price action.
Go Short as CADCHF Consolidates Below Trend LineIn the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.