Going to watch the price on the CAD/CHF. It has already broken the bearish channel and is showing strength to go long. It has hit a key resistance in my opinion, and there are two scenarios that may happen. One is that the price will break the resistance area then I'm going long around the .72674 until the .618 mark which is another key resistance area. The second option is if the price bounces off the resistance arena to the top of the channel, then go long around the .72110 mark until the .618 mark as well. Both are a minimum 2:1 trade. Please trade at your own risk. Happy trading.
Comment:
Update: I've put my SL at around the .72900 mark an hourly resistance point it just passed. Trade is now in pure profit.