Selling Pressure Will Continue on CADCHF
Updated
Hello Traders,
We are in bearish trend on CADCHF and sandwiched between supply and demand zones. We can trade CADCHF in two ways, 2nd way is recommended because we are in bearish trend.
i. If CADCHF continue bearish move on the opening of market then it will be rejected by demand zone 0.7500 then we may go long for 35 40 pips.
ii. If CADCHF move little bit upward and striker 0.7565--0.7575 area then we should be very confident in going short. stop loss should be 0.7610 and profit target will be demand zones 0.7500 & 0.7450.
2nd trade is recommended, if you want to get alerts and all updates then please like my idea, follow me and join my channel.
We are in bearish trend on CADCHF and sandwiched between supply and demand zones. We can trade CADCHF in two ways, 2nd way is recommended because we are in bearish trend.
i. If CADCHF continue bearish move on the opening of market then it will be rejected by demand zone 0.7500 then we may go long for 35 40 pips.
ii. If CADCHF move little bit upward and striker 0.7565--0.7575 area then we should be very confident in going short. stop loss should be 0.7610 and profit target will be demand zones 0.7500 & 0.7450.
2nd trade is recommended, if you want to get alerts and all updates then please like my idea, follow me and join my channel.
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