CADCHF is channeling for almost a year now, and getting closer to that major yearly TL that's holding since 2012.
For now we have two indecision candles, much wicks on the top. If we go by the book, then all rules says short here as a trend continuation.
Like if you agree, follow and support please!
Start looking at this one guys
Clear for entry
Very valid for entry from here as it is too!
Very good setup. I am a very active forex trader. Currently short at .74346 on CAD/CHF. My Fibonacci on the daily time frame brings it down to .69601. I will just to be safe bring my take profit to .70585 level though since that's the first support line. Play it safe and good trade. Cheers from the U.S. and Happy Thanksgiving. : )