Pair: CAD/CHF
Bias: Long 📈 (Short-term)
Timeframe: Intraday (1H / 15M)
CADCHF is showing signs of support at the 0.61600 level after recent selling pressure. This area aligns with prior structural support, indicating a potential bounce opportunity for a quick scalp trade.
Trade Plan:
Entry: 0.61600
Take Profit: 0.61800 (20 pips 🎯)
Stop Loss: 0.61400 (20 pips 🚫)
Risk-to-Reward Ratio: 1:1 ✅
Price tested 0.61600 multiple times, creating solid short-term support.
Potential short-covering rally towards minor resistance at 0.61800.
Move SL to break-even once price reaches +10 pips to secure position.
Bias: Long 📈 (Short-term)
Timeframe: Intraday (1H / 15M)
CADCHF is showing signs of support at the 0.61600 level after recent selling pressure. This area aligns with prior structural support, indicating a potential bounce opportunity for a quick scalp trade.
Trade Plan:
Entry: 0.61600
Take Profit: 0.61800 (20 pips 🎯)
Stop Loss: 0.61400 (20 pips 🚫)
Risk-to-Reward Ratio: 1:1 ✅
Price tested 0.61600 multiple times, creating solid short-term support.
Potential short-covering rally towards minor resistance at 0.61800.
Move SL to break-even once price reaches +10 pips to secure position.
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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.
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.