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  • Vasily Trader

CADCHF: Complete Indecision & Your Plan



CADCHF is currently accumulating on a strong daily resistance.

The price is setting higher lows and equal highs.


From a current perspective I see two equally possible scenarios:


Bullish

In case of a bullish breakout of the underlined yellow resistance cluster,

a bullish continuation will be expected to 0.752 - next strong resistance.


Bearish

In case of a bearish breakout of a rising trend line ,

a strong bearish wave will most likely follow.

Next support will be 0.7425


For now, I am on a bullish side,

but we must wait for the reaction first before we act.

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