- May 11, 2022
- Posted by: Tradingshot Articles
- Category: Forex
The CADCHF pair has been trading within a long-term Channel Up ever since the aftermath of the 2020 COVID market crash. It is currently approaching the Higher Highs (top) trend-line of this Channel and has started to turn into a sell opportunity long-term in our book. At the same time, the RSI on the 1D time-frame is forming the same peak pattern that led to the previous Higher High on April 01 2021. Either now or a little higher closer to 0.78000, CADCHF is a sell opportunity for us.