CAD/CHF - Good R/R Long Idea

Please refer to text on chart.

When price consolidate sideways, that is when there is the highest R/R plays come. Going long at the bottom of the consolidation, waiting for an upward move will yield better results than trying to buy after the move as already happened. If price breaks below the consolidation range then there is bearish pressure and we will get out with a small loss.

** Remember, we do not attempt to predict the future. We simply react to current price movements based on our interpretations of past data.