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Cadshf

CAD/CHF TOP DOWN ANALYSIS|SHORT BIASI am waiting for a breakout in one direction or the other, on the daily, which you can see below. On a lower timeframes I am expecting a downward move and the upward channel/bear flag support line retest. Remember, that we are trading confirmed breakouts only, and after a pullback, so that we could have a nice risk reward profile. I am somewhat short biased, to be honest. Trading daily timeframes is preferable, for it allows one to realize proper volumes, being able to enter the position piecemeal, accumulating the volume with limit orders, getting a nice average entry price. A nice tip for anyone with a somewhat decent account size(above 500k USD at least) The spread is less sensitive for you in that case too. But remember, that long term positions can screw you with the swaps costs. Guys, like and subscribe to support the channel! I really appreciate the effort! Wish you all luck in your trading!
Short
by ProSignalsFx
2
CAD/CHF LONG - TOP DOWN ANALYSISCAD/CHF pair seems to have broken a support line on daily. On a lower timeframe it has found a local support line, from which it has bounced. I am a bit late to the long party, but if there is a pullback to the support, I will go long. Going long now does not make sense risk-reward wise. The first take is at a level where there was a small range to the left, and also, where the spot is likey to hit the broken daily support line, which has turned into resistance now. Take 2 is at the resistance line to the left. Please, hit he like button, guys. I really appreciate. And why not subscribe if you like my ideas? Wish you luck in your trades!
Long
by ProSignalsFx
4