CADCHF Weekly Trade Set Ups 10th Dec 2018

CADCHF(10th December to 14th December)

Analysis: A close look at this pair reveals that prices are have been consolidating and forming a symmetrical triangle. This is a strong indication of an eminent break-out of prices. Therefore, we should expect a breakout on either side of the triangle, that is either to the upwards or to the downside.

Summary: At this point we do not know the direction of the anticipated break-out, we therefore sit and wait for a clear price action signal after prices have broken out to decide on our bias on this pair, that is whether to go long or short.