AzrulAzir

+2 years consolidation zone (target +500pips)

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF trap into long term consolidation zone, and its already 2 years and 4 month from April 2015.
If we look at 4H timeframe, CADCHF already touch and bounce from resistance channel
To better confirmation for this setup, wait for parallel channel up break down, and also break down bearish confirmation level at 0.7666
with this setup, we aim for +500 pip at 0.7169

Entry point : 0.7684
Stoploss : use your money management rules
Target : 0.7169
target in pips : +500 pips
Risk reward ratio : Up to 1/9.22

Disclaimer :
This analysis not include personal feeling/opinion, and pure base on technical analysis
Trading foreign currencies can be a challenging and potentially profitable opportunity for investors. However, before deciding to participate in the Forex market, you should carefully consider your investment objectives, level of experience, and risk appetite. Most importantly, do not invest money you cannot afford to lose.

please inform me with post a comment if it reach some critical point/break pattern, reach target/reach stop level.
or if there is any question about this analysis/need new update.
Because im not monitoring this chart all time.

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