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JivkoXristov

CADCHF: potential long move

Long
Canadian Dollar/Swiss Franc (FX:CADCHF)  
JivkoXristov  
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis Support and Resistance Candlestick Analysis trendreversal trend supportandresistancezones breakouttrading breakout moving_average candlesticksignals
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trendanalysis supportandresistance candlestick trendreversal trend supportandresistancezones breakouttrading breakout moving_average candlesticksignals
Here is my view on CADCHF-
1.A long position can be made now as we broke the DTL and now price is retesting it again + 4H 50EMA. It is riskier because the price has not yet broken the daily 50EMA and the current resistance zone (~0.69200), but it gives a slightly better entry for a long position

2.If you want to be more conservative, just wait for a breakout of the current resistance zone and Daily 50EMA and the retest of it for entry

Here is how daily looks like:
snapshot
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