Up and Up

Good Morning Dynamic Traders,

Hope you guys had a great weekend.

Let’s get back to following the CADCHF. Price is currently in an uptrend which you can see in the day chart below.
If you a long position open on this cross, you should be in profit, and depending on where you entered and the rules you use to manage the trade you potentially could be risk free. If this is the case, the job at hand now is managing the trade to lock in those profits.
Price has currently climbed to a previous resistant level, which has held price back twice before.













It will be very interesting to see what price does now, because the resistance level has proved itself before, but on the other hand the studies at the bottom all support the train of thought that price will continue its uptrend.

Exciting times if you are in this trade.

Carpe Diem

Richard Monnery