CAD/CHF is showing clear signs of a bullish reversal.
Last week, the price broke below the previous support level — a classic liquidity grab. Retail traders got trapped in shorts, but price quickly snapped back, confirming it was a fakeout.
This type of move is a smart money play — liquidate weak hands, then reverse with force.
We are now at the turning point.
The structure on the daily and weekly timeframes is bullish. The higher low is confirmed. From my perspective, this pair is ready to rally.
🎯 Target:
0.60600 — the previous swing high.
That’s the minimum target. On the long-term chart, this pair could go even higher.
Stop loss:
0.59290 - leaving room for fake movements. structure invalidation.
🧭 What to Watch:
Trump trade deal updates and geopolitical news that could spike CHF volatility.
Possible continuation patterns early next week on the 4H chart.
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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.