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  • Vasily Trader

CADCHF: Trading Plan Explained



CADCHF is approaching a strong daily structure resistance .

On hourly time frame, the price set multiple equal highs confirming the strength of that structure.


To short the pair wisely, wait for a bearish breakout of a rising parallel channel

(we need at least hourly candle close below its support).


Then sell on a retest.


Goals:

0.7332

0.735


In case of a bullish breakout of a yellow zone, setup will be invalid.

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