The triangle where CADCHFis currently located begins to narrow. This is can be a sign of possible breakout to the upside or downside.
This means in my opinion we should not focus on the smaller timeframes everything smaller than a daily chart before we will take action on this pair.
Keep in my that this will mean there will be also a possible breakout for EURCAD while they are heavily correlated. A breakout of both pairs on the daily chart will be better confirmation before we take any positions in the market.
This means in my opinion we should not focus on the smaller timeframes everything smaller than a daily chart before we will take action on this pair.
Keep in my that this will mean there will be also a possible breakout for EURCAD while they are heavily correlated. A breakout of both pairs on the daily chart will be better confirmation before we take any positions in the market.