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Cadchfidea

cad/chf looking for a sell off at this resistance area???hey everyone, back at it again this week! Lets dominate the Charts and set ups this week! with that in mind, also remember we have A LOT of HIGH Impact news events taking place tomorrow and we can see some insane movement please remember information shared is for educational and demo purposes only! Disclaimer -- Past profits don't guarantee a future result, trading is risky and we can loose 100% of our account balance.. NEVER TRADE with money you cant afford to loose!
Short
by therealbinarymaster
LONG REVERSAL IN CADCHF | SWING TRADECADCHF is trading at all time lows area. Checking out the price action, the price is trading in a DAILY FALLING WEDGE PATTERN which is a BULLISH reversal pattern. Once daily closes above the falling wedge, a LONG can be initiated on 1. Breakout of falling wedge, 2. Retest of falling wedge as support after the breakout There is also BULLISH RSI DIVERGENCE, which shows downtrend is getting weak and trend may reverse soon. This is a SWING TRADE. But if daily closes back inside the falling wedge after the breakout, that would result in fake breakout/bulltrap and the idea will be invalidated. Let me know in the comments section if you want me to analyse any other financial instrument. WARNING:- ALWAYS FOLLOW RISK MANAGEMENT AND POSITION SIZING WHILE TAKING ANY TRADE.
Long
by rohitkukreja