New Trade Idea CADCHF

FX:CADCHF   Canadian Dollar/Swiss Franc
Primary trade setup:

  • We see a place where the price could begin its retreat. Confluence of fibonacci and daily trend line .

Secondary trade setup.

If the price strongly broke this resistance and retesteara maybe go in search of the next daily trend line so we would act on it but always with the consideration of selling when you reach the trend line .

We always wait for the retest to try to avoid false breaks.
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