CADCHF | BULLISH trade OPPORTUNITY ๐
- CAD/CHF is trending towards the upside on multiple time frames following moving averages.
- We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure.
- The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.
- We are seeing a bullish engulfing candlestick closure on the 4-hour chart, and an inverted hammer pattern on the 1-hour time frame, indicating buying pressure.
- The overall trade setup, has the potential to reach around 100 pips because of a potential monthly resistance re-test.