CADCHF: Potential Long Trade Explained 🇨🇦🇨🇭
Updated
CADCHF broke and closed above a daily key level yesterday.
Retest of the broken structure may give us a long opportunity.
To catch it with a confirmation, follow a minor consolidation range on hourly time frame.
0.732 - 0.7325 is its resistance.
Wait for its bullish breakout (you need an hourly candle close above that to confirm the breakout),
then buy aggressively or on a retest.
Initial target will be 0.7365
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