CAD/CHFLong
CADCHF Trend Reversal Analysis
I'm looking at a bullish opportunity for the CADCHF pair. The RSI indicator shows a bullish divergence, indicating a potential reversal upward move. I've set our entry point at 0.65228, and to manage risk, the stop loss (SL) is at 0.64818.
Take Profit (TP) is set at 0.66696, offering a very attractive risk-reward ratio of 4.04. This trade is based on strong support at the 4-hour timeframe.
Disclaimer:
Remember that all trading involves risk. This analysis is for informational purposes only and should not be considered financial advice.
Take Profit (TP) is set at 0.66696, offering a very attractive risk-reward ratio of 4.04. This trade is based on strong support at the 4-hour timeframe.
Disclaimer:
Remember that all trading involves risk. This analysis is for informational purposes only and should not be considered financial advice.
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.