In the 4H chart, we can see the CAD/CHF is bearish. In the 1D chart, we can see the price is ranging between 0.7600 at the top, to 0.7400 at the bottom.
For now, there are 3 scenarios that we should wait for:
1 – If the price reaches the supply above – it will be a great opportunity for sell position, the target for this position is the demand below,
2 – If the price will reach the demand below – it will be a great opportunity for buy position, the target will be the supply above,
3 – If the price will break out the supply above it indicates the price tends to reach the resistance at the top, in that case – we should look for price action setup to buy, the target will be the resistance At the top.