CADCHF: Important Decision Ahead 🇨🇦🇨🇭

CADCHF is testing a key daily level.

Depending on the reaction of the market to that I see two potential scenarios:

To short with a confirmation, I will wait for a bearish breakout of a rising parallel channel.
Once its support is broken, bearish continuation will be expected to 0.74 level.
To buy with a confirmation, wait for a bullish breakout of a horizontal key level (daily candle close above).
Once the underlined resistance is broken, bullish continuation will be expected to 0.76 level.

Taking into consideration that the market is trading in a long term bullish trend,
I remain bullish biased.

What do you think will happen?

노트

Check my new analysis on NZDCAD:

또한 다음에서도:

면책사항

해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.

또한 다음에서도: