Cadchfshort
FURTHER BULLISH MOMENTUM ON CADCHF I previously marked up this pair stating bearish potential However, price did not meet our entry criteria instead it rallied bullish. Price is currently showing signs of further bullish movement. Before price advances higher, it has potential to retrace to our marked entry point before extending.
Entry, stop loss and take profit levels have been marked. Should price move to TP1 , you should be scale out majority of your position and move the running position's stop loss in profit.
Do not risk more than 2% on this trade.
FURTHER SELLING POTENTIAL ON CADCHF Hi Guys, hope you all had a great weekend and are well in your health.
I am looking at FX:CADCHF for a potential further push down bearish. Before price moves bearish, we may see price retrace creating a great opportunity for entry. Entry, stop loss and take profit levels have been marked.
Between take profit levels 1 and 2 , you would be looking to scale out majority of your position at level 1, move your stop loss of the remaining position into profit and let it run risk free.
Do not risk more than 2% on this trade.
CADCHF possible shortAnalysing on a bigger timeframe, the area of resistance is formed from a price gap (which makes for a strong resistance area), and has been repeatedly tested. To lookout for a bearish formation around this resistance, then wait for confirmation. It's a trade with a great risk to reward ratio