gibbsys

CADCHF Breakout long setup

Long
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend: Bullish
Structure: Descending parallel channel breakout.

Plan: We have seen CAD/CHF trading within a tight descending channel , however it appears to have broken out. Before a possible long we need price to confirm the breakout, with either a horizontal level of resistance or the upper channel line before a move higher.