Hello Traders, I’m Mani and I’m the writer of Trade 77 section, please follow me on twitter for further updates.
CADCHF is going sideways around 0.9800 support area and it’s in a symmetrical triangle consolidation phase.
Looking for a good breakout of upper bond trendline to shoot the pair around 0.9950.
I had got another technical analysis for this pair that could help you out, you can read it here.
0.9900 , 0.9925 and 0.9950 are shorter term resistant for any bullish moves.
This a continuation pattern, so I will only look at long opportunities here and if we had a break of the beneath bond trendline then I would wait for it to see price action below 0.9800 area before going short.
I’m going to write a fast update about this pair if any breakout we had, so make sure that you are following me on twitter so you can be informed of any trade calls for this pair and if you found this post useful let your followers to read it too, so please retweet this article with the button above of the article.
Winner’s Edge Trading, as seen on: