CADCHF bullish breakout! | 18th Jan 2022

Prices have recently broken out of the daily descending trendline. We see the potential for bullish movement from our buy entry at 0.73029 in line with 23.6% Fibonacci retracement towards our Take profit at 78.6% Fibonacci retracement and 61.8% FIbonacci extension. Our bullish bias is further supported by prices trading above our Ichimoku clouds and also MA 200 & 50 forming a golden cross.

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