Hi traders,
This pair looks interesting and very trendy!
It seems to have formed a new structure(symmetrical triangle) long before the breakout of the rising channel.
The price bounced for the fourth time from the support line of the triangle and there is a high chance of it proceeding upwards towards the resistance line.
Let me know your views on the pair in the comments. Hit the like if you agree with the analysis.
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CADCHF | 200 pip downside?
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EURJPY (Daily Chart Analysis)