CAD/CHF has formed a channel since August. Currently the price is in an area of potential short-term reversal towards the lower trend line.
We want to make sure that the price is actually bouncing off the trend line , so wait for a 4H candle to close below the confirmation line before entering the trade.
Consider the Target line as a potential profit target. It's placed at the point where the price last touched the lower tend line of the channel.
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