CADCHF: Is That a Bear Trap?! 🇨🇦🇨🇭
Updated
https://www.tradingview.com/x/fPHBL5Rc/
CADCHF is trading on a key daily support at the moment.
We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.
It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.
❤️Please, support my work with like, thank you!❤️
CADCHF is trading on a key daily support at the moment.
We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.
It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.
❤️Please, support my work with like, thank you!❤️
Note
The target was almost reachedI closed the trade on a breakeven
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