CAD/CHF Long-Term Trend: Bullish
Key Resistance Levels: 0.72757, 0.73000, 0.73438.
Key Support Levels: 0.72477, 0.72211, 0.71969.
The price on the higher time frame succeeded to break the descending trendline to the upside after posting a higher low. In addition the market managed to break the previous lower higher showing that the buyers are in control of the market.
CAD/CHF Medium-Term Trend: Bullish
5-Mins Time Frame:
On the lower time frame, we can see that the market broke out of the bullish flag to the upside after a higher low. We expect a new bullish impulse wave in the same direction of the new trend toward the mentioned target profits.
Buy Market Order @ 0.72517
TP 1 @ 0.72723
TP 2 @ 0.73000
Stop Loss @ 0.72414
Trade Safely 🙂