Short term long CADCHF
Looking at CADCHF from the daily timeframe we can see support at 0.72000and 0.72360 which has been tested once after price broke it from a resistance perspective and upon the second retest last week which we clearly saw rejection by the bulls ,we could expect a retest of the structure at 0.72893. further confirmation is shown when price broke resistance above 0.72600 from the 4hr timeframe so upon the retest of resistance turn support we can look to enter a long trade scaling down to the smaller timeframes. Stop loss can be placed below a significant structure and TP at 0.72890.
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