Hello tarders,
We got one trading opportunity in the market, I guess it’s not our typical opportunistic day for us.
Let’s hit the charts.
1. CAD/CHF
CAD/CHF on the 4 hours chart has price currently set at a very interesting position.
The present support level (0.74598) is an intersection between two key support levels.
- Support level due to the ascending channel and
- A second horizontal support level from a daily time frame.
If the present support level holds well, we should see price bounce to the next possible resistance level (0.75091), and if the support fails, price should go on a bearish journey to its next support level (0.73816).
Do apply strict money management rules and also ensure you trade only when you get a confirmation to.
That said,
Do have a great day ahead
