CADCHF just reversed the trend bcs of the HLs and HHs and broke previous highs so now on the retest of this zone we have:
1. recent zone of S/R
2. 3rd touch of ATL
3. 4H 50EMA reacting as support
4. 61.8% fib level
For entry we need to see some rejection candles off this zone and then the setup will be complete and ready for longs with good RR
1. recent zone of S/R
2. 3rd touch of ATL
3. 4H 50EMA reacting as support
4. 61.8% fib level
For entry we need to see some rejection candles off this zone and then the setup will be complete and ready for longs with good RR
Trade active
I've entered at 1.6907 with half risk just because I like this setup a lot, but I don't like how the recent 4H candles closed. Anyway, if price manages to go upside I'll be looking for retests to scale the position Trade closed manually
I closed this position with small loss, because I didn't like how it was going and now it's looking worse, so I'll stay from this pair for now. 
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.
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.