CAD/CHF : A Long Setup Opportunity ๐
Hi everyone!:)
- Looking at the weekly charts, there's a strong upward trend that's also showing on the daily charts. This tells us the overall trend is quite bullish.
- If we look at the 4-hour charts, there's a good break above a key monthly pivot point level at 0.67768.
- On the 1-hour charts, we see a bullish engulfing candlestick closure, which also suggests an upward move.
- But be careful of the 0.68000 mark. This is a level that a lot of traders might be looking at. So, keep an eye on it and make sure to manage and adjust your risk in case things turn around.
good luck!:)
- Looking at the weekly charts, there's a strong upward trend that's also showing on the daily charts. This tells us the overall trend is quite bullish.
- If we look at the 4-hour charts, there's a good break above a key monthly pivot point level at 0.67768.
- On the 1-hour charts, we see a bullish engulfing candlestick closure, which also suggests an upward move.
- But be careful of the 0.68000 mark. This is a level that a lot of traders might be looking at. So, keep an eye on it and make sure to manage and adjust your risk in case things turn around.
good luck!:)