CAD CHF pair has been in a downtrend for some time now (since June 0f 2022). We all know to 'go with the flow' when it comes with following the general trend. In this case, the pair might be ready for another move down.
This would be the fourth hit on the trendline, and at previous resistance during its month long range.
As always, we'll wait and see either a good bearish candle down to enter short, or a break above to enter long -- KISS
Comment:
UPDATE -- If trendline breaks, would mean a breakout for the bulls. Will go long if we get a good bullish candle today:
Order cancelled:
Bullish momentum wins the battle, bearish trades invalidated.