Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.
📉 From a long-term perspective, CADCHF has been overall bearish, trading within the falling channel in red.
📈 From a medium-term perspective, CADCHF is in a correction phase trading within the rising wedge pattern in blue.
🏹 The highlighted red circle is a strong area to look for sell setups as it is the intersection of the upper red and blue trendlines.
📚 As per my trading style: As #CADCHF is around the blue circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)
📚 Always follow your trading plan regarding entry, risk management, and trade management.
Good luck!
All Strategies Are Good; If Managed Properly! ~Rich