CADCHF-bullish cypher and other reasons to long

FX:CADCHF   Canadian Dollar/Swiss Franc
1199 4 34
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:

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).

Had same thesis. Looks very ugly now. cad 1.5
Your support line got broken, do you see more down from here?
You really think the CAD will find that kind of power across other pairs too? Im aiming for a 1.28 on USDCAD
FullTimeTrader teddyrucks
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
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