CADCHF H1 LONG PRICE ACTION FORECAST

In the real of D1, the price structure has been trading with a rising channel, recently touching the support of the channel heading toward to upper levels.

Now, in H1, the price has found support above the Fibonacci 61.8, together with a support level. If price correction has arrived to an end, this will allow a long entry for the pair to capture the uptrend momentum that would follow.

If price continues its uptrend bias, a buy-stop entry could be placed, with the following features:

The order:
Type: buy-stop.
S/L: 25 pips - R:R | 1:2
T/P: previous high.