Update for CADCHF pair. The market has recently dropped to a major rising trend line. Taking into consideration that the pair is trading in a bullish trend since 2020, we may catch a trend-following move from that.
Analysing the intraday time frames, follow a falling parallel channel on an hourly time frame. Its bullish breakout will be your trigger to buy the pair.
First goal will be 0.7275
In case of a bearish breakout of a trend line on a daily a further decline will be expected.
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