Retuka

CADCHF BREAKOUT OR BOUNCE?

FX:CADCHF   Canadian Dollar/Swiss Franc
Pair: CADCHF
Timeframe: 1D , 4H
Analysis: Round number level, trend line, volume profile, support and resistance, trend channel, ascending triangle pattern
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Key Takeaway: Seen alot of strength within the past few hours and CHF is significantly week and we can see this amongst all other pairs. If we break through the top of the channel we will need to see a re-test and the same amount of volatility, if we bounce we will wait for price to break support and round number
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Level needed: need a close by 0.74290(bullish) or 0.72985(bearish)
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Trade: Neutral
RISK:REWARD —
SL: —
TP: —
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