CHFCAD: Risk off long idea
Updated
We have a nice setup in this pair (which you can trade shorting CADCHF as well).
CHFCAD is at the bottom of the trading range here and is likely to return to the yearly moving average above.
I'll be entering longs, after today's daily close, if we break the daily high. Stop loss has to be under today's low plus 1 tick to be safe. Risk 0.5-1% on this position and let it ride, it has excellent potential.
Good luck,
Ivan Labrie.
CHFCAD is at the bottom of the trading range here and is likely to return to the yearly moving average above.
I'll be entering longs, after today's daily close, if we break the daily high. Stop loss has to be under today's low plus 1 tick to be safe. Risk 0.5-1% on this position and let it ride, it has excellent potential.
Good luck,
Ivan Labrie.
Note
You should exit around here.
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