WalterV

Long term short with participial to scale.

OANDA:CADCHF   CAD/CHF
Okay dropping a little bit of analysis on the Canadian dollar Swiss franc pair. If you start on The Daily time frame you can see that the Canadian dialer showed a lot of weakness right when the pandemic started and since then price had moved up to about the 618 retracements before pushing to the downside. Before price made it to the 618 retracement price was in an ascending Channel that is fast broken out of slightly. Moving down to the 4-Hour you can see that price also created a smaller sending Channel which it broke out of impulsively. Price currently is respecting the lower trend line of this ascending Channel if you move down to the hourly time frame and it has also shown some rejection and began pushing to the downside. If this continues I will be looking to sell this position and hold it two around the .66800 range.
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