CADCHF - Trading The Range, Again!

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

📈 CADCHF has been stuck inside a big range between 0.65 support and 0.68 resistance.

At present, CADCHF is retesting the lower bound of the range.

Moreover, it is retesting the lower bound of the red channel.

🏹 Thus, the highlighted red circle is a strong area to look for buy setups as it is the intersection of the green support and lower red trendline acting as a non-horizontal support.

📚 As per my trading style:
As #CADCHF approaches the lower red circle zone, I will be looking for bullish reversal setups (like a double bottom pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich