What happened? It looks like the decline in EUR/CHF to 1…
CAD/CHF broke resistance level 0.7540
2021-11-11 • Updated
- CAD/CHF broke resistance level 0.7540
- Next buy target - 0.7650
CAD/CHF today broke above the key resistance level 0.7540 (which stopped the previous minor impulse wave (i) at the end of March, as can be seen below). The breakout of the resistance level 0.7540 should add to the bearish pressure on CAD/CHF and accelerate the active minor impulse wave (iii) – which belongs to the sharp C-wave from last month.
CAD/CHF is expected to rise to the next buy target at the resistance level 0.7650 (target price calculated for the termination of the active minor impulse wave (iii)).
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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...