FX:CADCHF   Canadian Dollar/Swiss Franc

TP1 0.75168
TP2 0.74976
TP3 0.74775

Plan: Although 4hr trend is upwards, price has just come of a daily line of resistance. Daily trend is bearish .

Price has also come of 4hr channel resistance


While I do agree with your analysis, I would have to say that you need more confluences to SELL this pair. However, the descending trendline has proven to bee reliable multiple times. On the D1 time frame you can see that price is forming a symmetrical triangle, so it would be of interest to look out for that. Price has also found resistance at the 23.6 Fibonacci level, aligning with the descending trendline. I would say, SL: 0.75777 and TP: 0.74622 (SELL). I may update this for an increase of occurring confluences.
So just realised the title of this analysis says buy but the analysis says sell. So just for the record SHORT this pair not long, lol.
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out