Canadian Dollar And Swiss Franc - CAD/CHF – Purple War Zone!

Canadian Dollar And Swiss Franc - CAD/CHF – Purple War Zone!

CADCHF is overall bearish trading inside the blue trendlines 
Moreover, 0.750 is a strong resistance zone .

So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the green resistance and upper blue / red trendlines . (acting as non-horizontal resistance)

As per my trading style:

As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

Unless the green zone is broken downward, then our next resistance would be 0.765

Canadian Dollar To Swiss Franc (CAD To CHF)

Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!


Richard Nasr

Richard Nasr

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