CAD/CHF longs
I've been monitoring this pair closely throughout the day. The Swiss Franc has had a tremendously bullish day today, remaining stronger than most currencies. The likes of NZD/CHF, EUR/CHF and most base pairs vs CHF look like they have bottomed out. After the previous H1 candle closure, we began to see the presence of bulls. I waited patiently for signs of bull presence before entering by watching the lower timeframes and gaining confirmation there. Before checking out the lower TF's I took a brief peek at the higher TF's and zoomed out (Daily, Weekly, Monthly) which all show that we are in a clear uptrend. I am optimistic about this setup and intend on holding to my furthest TP (0.74600). R:R is on point for this trade, risking only 15 pips for potentially around 60. 1:3.5 RR.
Note
TP1 was hit, remaining positions were stopped out at breakeven.Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.