CapitalHillFX

Potential Buy Setup on CADCHF

Largo
OANDA:CADCHF   CAD/CHF
On CadChf, price has been channeling through a bearish channel for quite some time now. Within this channel, price action has created a Daily Significant Level that price has just recently approached. Considering we've experienced significant bullish rejection off of the Non-Horizontal Support Level and are continuing to create bullish market structure, I'll be looking to capture a bullish rally in the near future.

I believe that if price manages to break and retest the current level its at right now, I'll monitor rejection off of the level before placing a buy order to target a potential movement towards the upside. Let's see if we could get some more buyers in play🙌🏼

Exención de responsabilidad

La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.