Hello Traders,
There are rare Tuesdays in a month/year without a few great setups.
This Tuesday is one of those days. The market is still sluggishly moving to key levels where trading decisions ought to be made.
That said, I managed to squeeze out one setup.
If I should take the trade, I don’t expect too many pips from it.
Let’s hit the charts.
1. CAD/CHF
Pardon my messy chart…
CAD/CHF bounced off a key support level (0.75277) after breaking out from a major ascending channel.
Price formed a descending channel, and a key resistance level (0.75741) is going to be questioned today.
If we see a bullish breakout, we should be seeing price heading to the next possible resistance level (0.76033).
If a reversal occurs, the bears may most likely take price back to a familiar support level (0.75277).
Do have a great trading day ahead
