CADCHF - Diamonds are a girl's best friend
Updated
Carol Channing was singing this already in 1957. Usually this pattern means reversal and that's what I'll be tracking in the beginning of 2020 - until the end of this year there may be just fakeouts with all the holidays in place.
After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked areas. So just on radar for the time being.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
After a clearly defined direction there's an opportunity for basket of pips. As charted, I'll offload some parts of position at marked areas. So just on radar for the time being.
Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment
For short term trades, here is the trading corridor:Trade active
Small long triggered.Trade closed: stop reached
Small loss.Comment
Still opportunity for longs, just let is sett first.
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