The CADCHF is one of the crosses that is trading in a very clear market condition, and to tell you the truth, its been trading this way for months, from an important support level to the resistance level and vice versa. I like this cross, at least the last few months, its been very clear and all movements have been smoother than other pairs.
It is clear that the CADCHF was rejected from an important LT support level and it is likely to continue its way up until it finds the next LT resistance level at 0.9849:
http://www.straightforex.com/forex_b...f4-300x241.png
Only long opportunities are in play. Good luck!
Trade Safe!
It is clear that the CADCHF was rejected from an important LT support level and it is likely to continue its way up until it finds the next LT resistance level at 0.9849:
http://www.straightforex.com/forex_b...f4-300x241.png
Only long opportunities are in play. Good luck!
Trade Safe!