- CAD/CHF is consolidating along a key support area on the daily and 4-hour charts.
- Bulls will be seeking a continuation of the daily impulse.
In the following analysis, it is shown how the price has made a 50% mean reversion of the bullish trend, raising prospects of a continuation to the upside.
Daily chart
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The price has stalled at resistance and has subsequently pulled back to test prior structure as support.
The correction is significant enough to now expect a continuation to the upside.
4-hour
-637460035851524847.png)
As illustrated, there is a high probability trade setup located on the 4-hour chart that offers a 1:3 risk to reward ratio from a fill at the buy limit order, stop loss below structure and the take profit in the 0.70 area.
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