Short CADCHF
1. Major resistance level at 0.74120 (horizontal swing high resistance, 38.2% fibonacci retracement level)
2. Price testing descending resistance line
3. RSI bearish exit
4. Take profit level at first major support level (61.8% fibonacci extension level, horizontal swing low support, 61.8% fibonacci retracement level) and second major support level (horizontal swing low support)
5. Sell entry set after prices broke out of ascending support line, stop loss slightly above descending resistance line
2. Price testing descending resistance line
3. RSI bearish exit
4. Take profit level at first major support level (61.8% fibonacci extension level, horizontal swing low support, 61.8% fibonacci retracement level) and second major support level (horizontal swing low support)
5. Sell entry set after prices broke out of ascending support line, stop loss slightly above descending resistance line
Trade active
First take profit target reached - 19 pipsTrade closed: target reached
Second take profit target reached - 51 pips
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.