Envious_

CADCHF Analysis

Long
OANDA:CADCHF   CAD/CHF
CADCHF Analysis with both a short idea and a long idea. The discount and premium zones has been marked, the support and resistance zones have been marked. We have seen CAD being very weak against CHF for some time now and it has caused this pair to move aggressively downwards two times, which will need correcting as soon as possible to ensure that the market structure flows smoothly. Many buyers have been liquidated out of their positions from this push downwards and we can now expect to see many buyers coming in from near the discount zone. An optimal entry would be at the retracement zone I have drawn onto the chart if you traders want to enter a long. I hope this idea helps :)

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