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CADCHF: How to Catch Bullish Wave? (Trading Plan)



⚠️CADCHF reached strong horizontal structure support on a daily.


on 4h the price steadily declines within a falling wedge pattern.


to catch a bullish wave I would focus your attention on 0.686 - 0.688 horizontal trading range.

4H candle close above that will be our signal to initiate long position.


goals:

0.6905

0.692


in case of 4H candle close below the range, setup will be invalid and the pair will most likely keep falling.

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