Hello, I am Agape
a daily and weekly swing trader
It's pretty clear that CADCHF will go down to 0.732 (previous weekly resistance) after rejected 2 times on daily timeframe and close with huge bearish candle
Also you can see that price action on intraday timeframe (H4) printed a new lower low, i will place my pending limit order on this yellow area
Manage your lot size
Place your trade at your own risk
a daily and weekly swing trader
It's pretty clear that CADCHF will go down to 0.732 (previous weekly resistance) after rejected 2 times on daily timeframe and close with huge bearish candle
Also you can see that price action on intraday timeframe (H4) printed a new lower low, i will place my pending limit order on this yellow area
Manage your lot size
Place your trade at your own risk
Note
Added more short position at 0.7446Order cancelled
Daily candle (27 october) broke the bearish structure, i will change my TP to 0.7414 and consider to switch position into buyOrder cancelled
Setup is failed. Profit only few pips.Case closed.
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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.