TradingView
VasilyTrader
Oct 27, 2020 6:38 AM

CADCHF: How to Catch Bullish Wave? Long

Canadian Dollar/Swiss FrancFXCM

Description



CADCHF reached strong horizontal structure support on a daily.

on 4h the price steadily declines within a falling wedge pattern.

to catch a bullish wave I would focus your attention on 0.686 - 0.688 horizontal trading range.
4H candle close above that will be our signal to initiate long position.

goals:
0.6905
0.692

in case of 4H candle close below the range, setup will be invalid and the pair will most likely keep falling.
Comments
VasilyTrader
Do you agree with my plan?
Vigbabythee
@VasilyPonomarev,
DonnaPosey
Good job
Saeed966
Good work
D9548D
Nice analysis
Lingrid
good work)
DeGRAM
Nice idea Vasily!
InkyGrip
nice chart! thanks my friend! 🦐👍🏻
Fisher_Fx
thanks bro. great analysis.
VasilyTrader
@Fisher_Fx, you are welcome brother!!!
More