CADCHF Swing Sell
My Short analysis on CADCHF.
Scale in (Second entry)
We had a Bullish Order Block (Demand zone) as highlighted, price broke through it creating a Flip Zone ( now becoming the Supply Zone).
A Breaker Block has formed, it is valid as we have swept all the liquidity lying above the consolidation on the left and then proceeded to break structure to the downside.
I will take this trade when I receive bearish confirmation on the lower time frames.
SL - (26 Pips)
TP - (84 Pips)
RR: 3.23:1
Safe trading :D
Scale in (Second entry)
We had a Bullish Order Block (Demand zone) as highlighted, price broke through it creating a Flip Zone ( now becoming the Supply Zone).
A Breaker Block has formed, it is valid as we have swept all the liquidity lying above the consolidation on the left and then proceeded to break structure to the downside.
I will take this trade when I receive bearish confirmation on the lower time frames.
SL - (26 Pips)
TP - (84 Pips)
RR: 3.23:1
Safe trading :D
Note
Price retraced into point of interest, we got a BOS DOWN on the 15m so this confirmed my bias.Entry : 0.65800
SL : 0.66050 (25 Pips)
TP : 0.65000 (79 Pips)
RR : 3.16:1
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.