CADCHF setup for the coming weeks

Hi traders,

I am expecting the steep, purple, trendline on the CADCHF to break at this point. Price can then move up to 0.778 area, to go reverse from there. This might take a few weeks before we get there.

• Trend continuation
  
• Previous support & resistance
  
• Trendline
  

Entry: 0.778
Stop: 0.8
Target 1: 0.7356
Target 2: 0.7005

Best of luck!