CADCHF - Trend-Following Setup ↘️

Hello TradingView Family / Fellow Traders. This is Richard, also known as theSignalyst.

CADCHF is overall bearish trading inside the falling broadening wedge pattern in red, and we are currently in a correction phase approaching the upper red trendline.

Moreover, the zone 0.68 is a resistance zone.

🏹 So the highlighted purple circle is a strong area to look for sell setups as it is the intersection of the blue resistance and upper red trendline.

As per my trading style:
As CADCHF approaches the purple circle zone, I will be looking for bearish reversal setups (like a double top pattern, trendline break , and so on...)

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich