AlkalineFX

CADCHF: WATCH The Breakout Trap ❗

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
Buyers attempted to push price out of the descending trendline but failed at the breakout. The price has now sunk slightly to liquidate some of the buyer liquidity before it reverses and goes to sweep the seller liquidity. Potentially now giving the true breakout move, time will tell.

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