H4 Cadchf buy !! Strong Support

Cadchf is still in an uptrend creating higher highs and higher lows. Price is currently testing support @ 0.7070. if price can manage to create a double bottom or provide another form of confirmation on a lower time frame i will be looking for opportunities closer to the support to reduce risk. it is also important to note that there is a strong level of resistance @ 0.7132 and price can reverse forming a head and shoulders pattern. At this point if a position was entered, a 1:1 target should already have been achieved and stops at break even. if price breaks that resistance however. we can further target the previous high @ 0.7855.