CADCHF: Is That a Bear Trap?! 🇨🇦🇨🇭 Long

CAD/CHFOANDA

Description

⋅ Nov 17, 2023 7:57 AM

CADCHF is trading on a key daily support at the moment.

We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.

It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.

❤️Please, support my work with like, thank you!❤️

Comment

⋅ Nov 18, 2023 7:10 AM

The target was almost reached
I closed the trade on a breakeven

Comments

alexapopa111

⋅ Nov 19, 2023 10:38 PM

do you have this same view for NZDCHF?

Radik_trader

⋅ Nov 17, 2023 8:49 AM

Like! I think the same

VasilyTrader

⋅ Nov 17, 2023 10:26 AM

@Radik_trader, good luck!

VasilyTrader

⋅ Nov 17, 2023 7:57 AM

Are you bullish on CADCHF?