Cadchflong
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
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Thank you for your support ;)
GWBFX
Proposed long CADCHF This pair made an all time low at 0.660 in March 2020 and then started a slow grind to the top as the monthly chart shows.
The price action on the daily chart is contained within a channel. The potential to the upside is huge while a run to the lows is possible too.
Price is at the bottom of this channel and an attractive place to test PA with a small trade size with a 80-90 pips stop.
The round number 0.700 is about 35 pips away and a convincing break above that will provide a more secure entry or an opportunity to add positions.
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As always, please use sound money and risk management in all your trades.
CADCHF - SWING - 29. JUNE. 2020Welcome to our weekly trade setup ( CADCHF )!
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1 HOUR
Very bullish price action.
4 HOUR
Price closure above main sr level, expecting a push now.
DAILY
Overall bearish market structure about to turn.
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FOREX SWING
BUY CADCHF
ENTRY LEVEL @ 0.69560
SL @ 0.69210
TP @ 0.70060
Max Risk. 0.5% - 1%!
(Remember to add a few pips to all levels - different Brokers!)
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Have a great week everyone!
ALAN
Daily Update--CAD/CHF-- Big Chat View Forecasting Disclaimer:
the content on this analysis is subject to change at any time without notice and is provided for the sole purpose of assisting traders to make independent investment decisions. this is not signal. it's my opinion. trade your own risk. and Must Follow Money management.
_______________________________________________________________________________________________________________________________________________________
Thank you for your support!
CADCHF long trade ideaPlan: resistance level breakout --> wait for the price to bounce off from support level --> wait for the rejection candle pattern to form e.g. bullish engulfing, pinbar, etc --> BUY
**Disclaimer** the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Traders!! if you like my ideas and do take the same trade as I do, please write it in a comment so we can manage the trade together.
_____________________________________________________________________________________________________________________
Thank you for your support ;)
GWBFX