I have gotten back into the CAD/CHF trade. I would expect the bullish trend to continue as you can see on the daily chart the pair has broken above the 21 day high with RSI at 65.98910 level indicating a strong bullish trend. On a monthly chart you can see that after the big move down in January 2015 the pair has been in consolidation since so the breakout might be on the way anytime. My trade is currently running in profit and my profit target for now would be at around 0.7685 level, which is one of the levels on the Woodie Pivot.
Translate to English Show original