CADCHF: Buy the Pullback
-INTRODUCTION-
This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity.
-TRADING PLAN-
Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal pattern and then enter buy positions targeting the previous high.
Check out our previous pullback strategies below :)
This week, CADCHF has reached a new high at 0.7800 level. Currently, the price is retracing, which could give us a great pullback buying opportunity.
-TRADING PLAN-
Our area of interest is at the previous resistance level of 0.7500, which is two support levels down from the previous high. From that area, we will watch for a consolidation/reversal pattern and then enter buy positions targeting the previous high.
Check out our previous pullback strategies below :)
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