girolamoaloe

CADCHF - Possible new Rally to take out the first Supply Level

FX:CADCHF   Canadian Dollar/Swiss Franc
Last night my CADJPY             buy trade reached the take profit earning +720 pips of realized profit. Now with this chart I answer to a doubt of a member of my facebook             group about CADCHF             . He sold for the short term, but of course his entry point was a high risk entry.

CADCHF             shows in the highest time frame a Rotation of the Man Trend, from bearish to bullish .

In the daily chart it is possible to see the price that is rising up.
The demand willing is prevailing and the price could take out the first Supply Level the daily chart , rising up in a new possible rally.

On chart I marked Supply and Demand Levels and Rally, Base, Rally behavior.

What do you think about this currency?

Thank you

Girolamo Aloe
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