CADCHF: Trading Plan Explained 🇨🇦🇨🇭
Updated
CADCHF is approaching a strong daily structure resistance.
On hourly time frame, the price set multiple equal highs confirming the strength of that structure.
To short the pair wisely, wait for a bearish breakout of a rising parallel channel
(we need at least hourly candle close below its support).
Then sell on a retest.
Goals:
0.7332
0.735
In case of a bullish breakout of a yellow zone, setup will be invalid.
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