Adding CADCHF to my watchlist for a potential long trade opportunity.
This idea is based on a clean break of a major descending trendline on the 2-hour chart, signaling a potential bullish reversal. I am waiting for a pullback to the marked support zone before considering a long entry.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
As mentioned before, today, July 4th, is a major US holiday. With CAD being a North American currency, liquidity is expected to be extremely thin. This increases the risk of unpredictable price action. Please be cautious.
This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
This idea is based on a clean break of a major descending trendline on the 2-hour chart, signaling a potential bullish reversal. I am waiting for a pullback to the marked support zone before considering a long entry.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
As mentioned before, today, July 4th, is a major US holiday. With CAD being a North American currency, liquidity is expected to be extremely thin. This increases the risk of unpredictable price action. Please be cautious.
This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
Note
For those two new analyses: Given these conditions, it's very possible the price will not reach our entry zone until the market re-opens with full liquidity on Monday. This is a watchlist idea that requires patience.Trade active
Trade closed manually
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.