CADCHF: Major Trend Line & Confirmation 🇨🇦🇨🇭
Hey traders,
Update for CADCHF pair.
The market has recently dropped to a major rising trend line.
Taking into consideration that the pair is trading in a bullish trend since 2020,
we may catch a trend-following move from that.
Analysing the intraday time frames, follow a falling parallel channel on an hourly time frame.
Its bullish breakout will be your trigger to buy the pair.
First goal will be 0.7275
In case of a bearish breakout of a trend line on a daily a further decline will be expected.
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