informedtrades
Long

CADCHF Looks Ready to Head Higher on Daily Chart

FX:CADCHF   Canadian Dollar/Swiss Franc
22 0 0
We have a confluence of factors: price at 50 SMA , which is also the 50% Fibonacci retracement from the swing low to swing high, which is also a previously established support level , all reinforced by what could be regarded as a bullish checkmate candlestick pattern. So, I'm long CADCHF             at 7976, with a stop at 7902 and a target profit at 8300.
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