NzdChf appears to have formed a defending triangle formation,, Preference is to take up a short position, but only once price has broken out of the support and retested
Price currently in a corrective formation, My preference is short but only after a break-out of the corrective move
UsdCad's on the watchlist today,, Break of the channel and currently re-testing, I'm going to wait for the 4h candle close before deciding on a trade, We have 2 target options,, TP1 - daily ema around 90 pips TP2 - top of the chanel (long term)
We had a barish impulsive move away from the monthly TL Price then entered a correction period before breaking out to the downside We then whitnessed another short correction period before another break and a bearish push to the underside of the 1h 200ema This trade looks really good, but this is forex and anything can happen.