FX:CADCHF   Canadian Dollar/Swiss Franc
TRADE BIAS

Fundamentals
- CAD trade balance consensus is bearish
Macro data weight
CAD = -1
CHF = +2

Technical
- Price is at Daily minor resistance.
- Forming a triangle.

Comment: Now it is forming a double top.
Comment: If it breaks 0.681563 level. It would continue down to 0.67494.

Comments

This is a Ascending Triangle which is break to the upside
Reply
victory19 ForexRevs
@ForexRevs, For me whatever triangle pattern is formed. It could break upside or downside. Then you can place a position on breakout.
Reply
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