When I do my analysis every morning, I come up with my best currency pairs to trade for the day. And some days, I come up with my favorite one.
And today, my favorite cross is the CADCHF, mostly because of the way it is trading in the long term charts (which makes me feel comfortable taking trade in the short term charts), as clear as the water.
Pull up your daily chart and take a look at it:
It has clear S&R levels, the next resistance level is at 0.9848 (more than 300 pips away from where it is currently trading at).
My plan is to keep looking for long opportunities in the CADCHF.
What do you think?