CADCHF POI OF REACTION FOR A LONG 0.6870
On CAD/CHF, we have a price at 0.6870 where, according to my analysis, it appears to be consolidating before a potential upward move. I believe it could be a long position since we have a price with favorable volumes and a price that has retraced within our reaction point. The target is a simple 1:3 risk-reward ratio, as we have an equal amount of selling volumes at the supply zone around 0.6815 where the price could react. It would be fantastic if you could share your opinion and leave a like to support our work. Greetings from Nicola, the CEO of Forex48 Trading Academy.
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