CAD/CHFShort
CADCHF Short
Note
-CADCHF showing signs of strong intraday rejection of higher price (long daily wick) by forming 2 reversal candles (Pinbar/Spinning top/Indecision) AT RESISTANCE
-CADHF showing bearish divergence on 4H time frames
Entry
-Keep enough distance below the low of the reversal daily candles to confirm a transition of power from bulls to bears
Stop
-Above the high of the reversal daily candles
Target
-2 times stop
Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1
-CADCHF showing signs of strong intraday rejection of higher price (long daily wick) by forming 2 reversal candles (Pinbar/Spinning top/Indecision) AT RESISTANCE
-CADHF showing bearish divergence on 4H time frames
Entry
-Keep enough distance below the low of the reversal daily candles to confirm a transition of power from bulls to bears
Stop
-Above the high of the reversal daily candles
Target
-2 times stop
Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1
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.