Can technicals get any better than this?

I am enjoying my time on holidays now and I wasn’t planning to post much in the next two weeks. But the trading idea I will present in this post very briefly is one of the things that just can’t go unnoticed.

Currency pair CADCHF is one of the products that respected technicals so beautifully it’s hard to describe it with words so please take a look at the next chart. Note how the falling trend line over the last 10 years and how levels 0.78, 0.87, 0.94 and 0.99 were respected.cadchf

So, while the price stays above 0.78 it is very hard to be bearish. An expected path of the least resistance is now to 0.87 and at the moment this is providing an excellent reward to risk opportunity.

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