CADCHF a pair for the longer term

The triangle where CADCHFis currently located begins to narrow. This is can be a sign of possible breakout to the upside or downside.

This means in my opinion we should not focus on the smaller timeframes everything smaller than a daily chart before we will take action on this pair.

Keep in my that this will mean there will be also a possible breakout for EURCAD while they are heavily correlated. A breakout of both pairs on the daily chart will be better confirmation before we take any positions in the market.