CADCHF Day Trade (lLong)Bullish divergence on the 1hr and 4hr chart, both with MACD and Falling wedge. We need to get above marked level in order to look for that higher .72580 level.
Cad_chf
Short CAD/CHFCAD/CHF has a near perfect trendline break and back test on the 3 hour chart. Weakness that started in the middle of the week should carry over to next week. Short with a stop above the previous swing high, around 0.7620. Target between .73 and .74.
CAD/CHF LongCAD/CHF printed a bullish reversal candle on the daily chart. A resumption of the bullish trend looks probable. Stochastics approaching oversold territory. Buy with a stop below today's low.
CAD/CHF ShortAfter a series of narrow range days at prior resistance, CAD/CHF broke down on Friday. Stochastics also coming down from overbought levels. Shorting here with a stop above the previous resistance (blue horizontal line) presents a good R/R trade.
