VasilyTrader

CADCHF: Waiting For Breakout

Short
OANDA:CADCHF   CAD/CHF

CADCHF is stuck within a local horizontal trading range on 8H.

I am waiting for its bearish breakout to short the pair and catch the next swing move to the downside.
Next support - 0.7275

Remember, that while the price is within the range,
its future direction is uncertain.

In case of a bullish breakout of the range, a bullish move will be expected.
The next resistance will be 0.747

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Comment: Check my new idea on EURJPY:

Comments

very nice setup. am looking for a short. trend continuation double top
Reply
@nico1fx, thank you bro!!!
+1 Reply
Love it!
Reply
@Zanchy, thank you buddy 😊
Reply
Are you bullish or bearish on cadchf?
Reply
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