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tradingwithanthony
Mar 13, 2024 7:14 AM

CADCHF Technical Analysis and Trade Idea Long

Canadian Dollar / Swiss FrancFOREX.com

Description

The CAD/CHF currency pair has demonstrated a bullish trend across both the weekly and daily timeframes, with a clear break of market structure indicating upward momentum. Presently, the price is consolidating within a range, prompting us to anticipate a break, retest, and subsequent failure of the current range high as a potential entry point for long positions. The use of a buy stop order is being considered. Our video analysis delves into the intricacies of the trend, market structure, and price action, identifying optimal levels for the placement of stop-loss and profit targets. It is crucial to emphasize that the information provided serves purely educational purposes and should not be misconstrued as financial advice.
Comments
JBiiiird
Nailed this one on the head, Anthony! Very good coaching skills! Setting a side substantial time to go through all of your past ideas :)
tradingwithanthony
@JBiiiird, Thanks glad the content was of value for you.
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