Buy Opportunity on CADCHF

On CadChf, we could be seeing a buy opportunity presenting itself. Price is channeling throughout a bearish channel that seems pretty clearly identified. We've had bullish rejection off of the bottom of the channel and cracked through a Significant Daily Level. This could be identifying some sign of strength for the near future.

I'll be waiting for a strong bullish H4 candle closure to occur around this level before identifying if this pair has upside potential. If we could have a strong bullish candle closure, I'll most likely go long with my targets extending to the top of the channel.