traderjoshh
Long

CADCHF POSSIBLE LONG

FX:CADCHF   Canadian Dollar/Swiss Franc
32 0 0
We could see a breakout of this downtrend line which has been occurring since 2010. If we see a breakout we could see the pair reach back to those previous highs. I will be watching closely for a breakout, retest and continuation pattern so that i could enter long. From thereafter i will just be buying this pair until it reaches my intended targets (shown in the analysis). Most recently the pair has bottomed at 0.78 and has been in an uptrend ever since. It then broke this uptrend which invited trader to go short but was short lived as it retraced of the 50 fib level.

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