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#CADCHF Technical Analysis
This pair has been in a range since 2016, and just recently it rejected the price level of 0.73120.
With some strong news forecasted for the Canadian economy, I think this pair will continue to climb to the upper price boundary of the range which is at 0.77220.
The blue rectangles show price tried to break through the upper price boundary and then it tried again. So, it seems this will require very strong fundamentals from Canada to break through.
It is important you adapt your strategy for either a trending or ranging market, because the circumstances are different.
For example, in a bull market, you should be looking to take long's only because taking a short is going against the trend and could leave you with large amounts of exposure. The same can be said about bear markets.
In a ranging market, you are looking to go short of the upper boundary and long of the bottom boundary. It sounds simple, but the key is confidence in your entries and most importantly your risk management.
If you ever miss an opportunity, do not I repeat do not enter because you think you can make a few bucks. There will always be chances, it is about picking the best ones!
Comment down below your thoughts and feel free to drop me a message if you prefer to contact me that way.
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