CAD/CHF LONG - TOP DOWN ANALYSIS

4 May 2020

CAD/CHF pair seems to have broken a support line on daily.

On a lower timeframe it has found a local support line, from which it has bounced.

I am a bit late to the long party, but if there is a pullback to the support, I will go long.

Going long now does not make sense risk-reward wise.

The first take is at a level where there was a small range to the left, and also, where the spot is likey to hit the broken daily support line, which has turned into resistance now.

Take 2 is at the resistance line to the left.

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Wish you luck in your trades!

4 May 2020

Not

target 1 hit