Breaking News

CAD/CHF Potential Upward Movement

CAD/CHF Long-Term Trend: Bullish

Key Resistance Levels: 0.72757, 0.73000, 0.73438.

Key Support Levels: 0.72477, 0.72211, 0.71969.

1-Hr Frame:

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 🙂

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!

Free Robot!