CADCHF long swing trade idea

21 Feb 2019

CADCHF potential for a long swing trade setup if we get a pullback to the 50-61.8 fib zone. Momentum to upside evident with price action above EMAs on higher time frames, bullish pennant formation and break above previous high as we can see on the 2H at around T1. Not to be construed as financial advice. This is an idea based on how I see the chart with no guarantee of this playing out favorably. Trading FX carries a high level of risk.