FullTimeTrader
Long

CADCHF-bullish cypher and other reasons to long

FX:CADCHF   Canadian Dollar/Swiss Franc
1140 4 33
After a strong swift decline this pair is reacting at key level. Looking to W1 chart we see price is near the all-time low and reacting to a support level:
snapshot

Here on D1 chart_

- perfect bullish cypher already filled
- trendline support
- price reacting to the PRZ
- RSI oversold


I expect a huge long term rally from here.

Best regards.

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This is just and idea, not a recommendation to buy or sell. Always do your own analysis and plan before opening a trade.

Any respectful and constructive ideas are welcome (agree or disagree).




teddyrucks
a year ago
You really think the CAD will find that kind of power across other pairs too? Im aiming for a 1.28 on USDCAD
Reply
FullTimeTrader teddyrucks
a year ago
Hello, could be but other CAD pairs is another history. More than that we have strong USD rate news tomorrow so i prefer not to play the roullette, anything can happen. Regards.
+1 Reply
abail
a year ago
Your support line got broken, do you see more down from here?
Reply
Lanmar PRO
11 months ago
Had same thesis. Looks very ugly now. cad 1.5
Reply
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