CAD/CHF - We have a wedge formation...! This could be interesting.
With all markets, there are opportunities, luckily in FX Trading you've got various minor pairs you could go dig into.
I present you CAD/CHF in an interesting wedge formation.
Bears get further control if it declines towards lower ends of 0.68 areas. Below further decline the next support area would be at 0.67 half areas. Matching the Retracement Fibonacci 0.32/0.23 areas. Beautiful support areas.
Bulls gain momentum, we have very clean resistance areas - Above 0.69100 areas we can see the next resistance areas at 0.70300 areas and then we are across that key trend-line down we have further Momentum of the bulls could head to the lower areas of 0.72 areas. Keeping in mind the 161.8 for perhaps longer term bullish targets.
Which ever direction of break, keep an eye - add alerts!
Remember: Just a trade idea, not a recommendation.
All the best.
With all markets, there are opportunities, luckily in FX Trading you've got various minor pairs you could go dig into.
I present you CAD/CHF in an interesting wedge formation.
Bears get further control if it declines towards lower ends of 0.68 areas. Below further decline the next support area would be at 0.67 half areas. Matching the Retracement Fibonacci 0.32/0.23 areas. Beautiful support areas.
Bulls gain momentum, we have very clean resistance areas - Above 0.69100 areas we can see the next resistance areas at 0.70300 areas and then we are across that key trend-line down we have further Momentum of the bulls could head to the lower areas of 0.72 areas. Keeping in mind the 161.8 for perhaps longer term bullish targets.
Which ever direction of break, keep an eye - add alerts!
Remember: Just a trade idea, not a recommendation.
All the best.