CADCHF - Zone Breaking Soon, Nov. 23rd, 2020

The analysis is mainly to show that the top zone will break on the next retest, the 'non reactionary' area and the 'likely area to start another bull rally,' were just a little extra I added but should not hold as the focus point. I usually do not do swing analysis, I decided to apply my low timeframe trend continuation method to a higher timeframe and see how well it goes. I would never blindly ride the assumed bearish trend down to the assumed bullish area and blindly enter a reversal long back up to the zone that I think will break. As far as I can tell the current range will hold on the bottom side and will just retest, pushup, and break the top side of the zone. If the bottom side of the ranging area were to break, then expect a downtrend to the bullish area, wait for a confirmation for a reversal as I believe this is heavy bull territory. Keep in mind if the bottom side range is broken then structure will be forming along the way, these areas will alter the analysis as a whole but can act as take profit targets if a bullish reversal were to be triggered.
Summary: CADCHF is in a range, if the bottom side breaks then expect price to be bearish until the labeled bull zone, here you can look for high timeframe reversals. If the top side of the range is even retested again I think it will break.