CADCHF - Wait For The Bulls!

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

on MONTHLY: Left Chart
CADCHF is trading inside a big range and now approaching the lower bound / support zone so we will be looking for buy setups.

on H4: Right Chart
CADCHF formed a channel in red but it is not ready to go yet.

Trigger => for the bulls to take over, we need a momentum candle close above the last high in orange.

Meanwhile, until the buy is activated, CADCHF can still trade lower inside the monthly support.

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

Good luck!

All Strategies Are Good; If Managed Properly!
~Rich