#CADCHF bullish continuation move

In the 4-hour timeframe, it seems like the long-term corrective move that started last month on the same day is over, suggesting that we could expect more bullish moves in this pair.

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Trade ist aktiv:

Price broke above the short-term bearish corrective channel impulsively last week. Since then, a new top has formed in lower timeframe, and price has retraced to the broken channel, providing an opportunity to open another long position.

Trade ist aktiv:

A very nice bullish setup base on technical analysis and price just hit our first profit target zone, I hope you enjoyed it and I believe price moves towards the next target too. Will update this analysis again.

Trade geschlossen: Ziel wurde erreicht:

Price reached the second target and even went higher.