CADCHF is currently having a very strong acceleration that threatens the level of resistance at 0.6950.
We can comfortably place our stop entry order at 0.6955, with a stop loss below the short term resistance and the take profit applying the measured move and still get a good risk to reward ratio of 1:2.
Definitely a trade to consider.
We can comfortably place our stop entry order at 0.6955, with a stop loss below the short term resistance and the take profit applying the measured move and still get a good risk to reward ratio of 1:2.
Definitely a trade to consider.
Trade closed: stop reached
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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.
Find out more at itstradingtime.com/
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.