Hi Traders! We have CADCHF bullish opportunity after pullbacks. A detailed analysis of this amazing buy setup is as follows:
CADCHF Daily Chart:
On the daily chart the price is moving inside a triangle pattern. Currently the price is at the middle of this pattern and we may now expect pullbacks to happen. Once the pullback completes itself, we may then expect the bulls to take control and the price to move higher towards the top of this triangle pattern.
CADCHF H1 Chart:
On the H1 chart we may expect pullbacks to happen from the current zone towards the zone (marked in yellow) shown in the screenshot. Once the pullback completes itself look for evidences of bullish pressure and once we get evidences of bullish pressure, we may then start looking for buys.
Note: It is always recommended to look for confirmations before you jump into any trade. If you are not sure about how to trade this buy setup then you can use any setup and strategy that you have in your arsenal to look for bullish moves and join this buy trade.
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