CADCHF is currently having a very strong acceleration that threatens the level of resistance at 0.6950.
We can comfortably place our stop entry order at 0.6955, with a stop loss below the short term resistance and the take profit applying the measured move and still get a good risk to reward ratio of 1:2.
Definitely a trade to consider.



more…

READ  short term trade idea for OANDA:USDCHF by saidbrown7