Good evening team,
We have a technical setup on the CADCHF. The pair have rallied into a previous resistance zone and created a 5 wave structure higher on the smaller time frame.
We may now see a corrective structure lower into the support zone.
CADCHF – 4 Hour Charts
CADCHF – 1 Hour charts
Trade Setup: SELL CADCHF – Market execution, current price 0.7106, stop loss 0.7142 and take profit 0.7042
Stop loss: 36 pips
Take profit: 64 pips