Long CHF/CAD @ 1.26; TP @ 1.2852, SL your choice
Short CHF/CAD @1.3759 TP 1.3426; SL 1.4259
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...
Podemos entrar largo si rebota en la linea de tendencia luego romper la resistencia. Y entrar en corto si rompe los dos soportes.
Russia never sent a statement to the Saudis' & Iran plans to increase Oil Production in March.
This is pair is now in high demand zone (look 4H chart), good chance to buy with high r:r
I think CADCHF has hit a major bottom. It may not be an easy hold on the weekly scale since it may require a quite a bit to develop, but the 4hr is showing a very good opportunity to go long with an attractive asymmetric risk/reward.