Trend: Bullish
Structure: Descending parallel channel breakout.
Plan: We have seen CAD/CHF trading within a tight descending channel, however it appears to have broken out. Before a possible long we need price to confirm the breakout, with either a horizontal level of resistance or the upper channel line before a move higher.
Structure: Descending parallel channel breakout.
Plan: We have seen CAD/CHF trading within a tight descending channel, however it appears to have broken out. Before a possible long we need price to confirm the breakout, with either a horizontal level of resistance or the upper channel line before a move higher.