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CAD/CHF
Long

CADCHF: Complete Indecision & Your Plan 🇨🇦🇨🇭

By VasilyTrader
snapshot

CADCHF is currently accumulating on a strong daily resistance.
The price is setting higher lows and equal highs.

From a current perspective I see two equally possible scenarios:

  • Bullish
    In case of a bullish breakout of the underlined yellow resistance cluster,
    a bullish continuation will be expected to 0.752 - next strong resistance.

  • Bearish
    In case of a bearish breakout of a rising trend line,
    a strong bearish wave will most likely follow.
    Next support will be 0.7425


For now, I am on a bullish side,
but we must wait for the reaction first before we act.

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CADCHFcanadiandollarChart PatternschfForexswissfranctraderTrend AnalysisTrend Lines
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