Nice idea on CADCHF and there may be bullish potential as you have identified. We have identified a support level at 0.7627, which coincides with the level that you are expecting a bounce. It is a horizontal overlap support, with a 61.8% & 100% Fibonacci extension and 23.6% Fibonacci retracement. Stochastic has bounced off its support at 1.6% where a corresponding rise could occur. If a potential rise does happen, we may take a closer look at the 0.7692 resistance level, which is below the resistance level that you have identified. It is a horizontal overlap resistance with a 76.4% Fibonacci retracement. Looking forward to seeing how things develop.
Please have a look at my idea and we would like to hear from you.
Please have a look at my idea and we would like to hear from you.