CADCHF Long
Updated
I've been busy training people so this is my first post for nearly a year so I hope it's useful to you.
Since the rush to safety back in March I've been successfully trading the CADCHF pair long. It's been a long slow process but it's been conducive to getting in and out. I think the pre pandemic level are reachable especially just before the crash most people were trading the pair long.
Currently on 4H we can see the channel which I think price will eventually break out of.
I'm invested in this potential trade with the expectation that price will at least go back to the top of the channel. Once there we'll decide how to trade it to its previous high.
I'll up date this idea as it develops so remember to follow me or the idea to stay up to date.
See profile for links
Steve Nixon
Since the rush to safety back in March I've been successfully trading the CADCHF pair long. It's been a long slow process but it's been conducive to getting in and out. I think the pre pandemic level are reachable especially just before the crash most people were trading the pair long.
Currently on 4H we can see the channel which I think price will eventually break out of.
I'm invested in this potential trade with the expectation that price will at least go back to the top of the channel. Once there we'll decide how to trade it to its previous high.
I'll up date this idea as it develops so remember to follow me or the idea to stay up to date.
See profile for links
Steve Nixon
Note
This 1H image may indicative of how this pair may proceed, Note
If we're lucky it will move impulsively but be prepared for a bumpy ride which on the up side could provide opportunities to get in and out or simply add to your trade size.Note
Note
Progressing as expected - gave it room to breath and with some patience this should be a profitable trade Note
Market liked BOC statement today Note
I'm still trading this pair long. Since I expected it to move in a "corrective" manner i.e. not impulsive I've traded it accordingly. Enter on pullbacks - exit on extensions. The entry and exit points shown on the chart (below) are approximate. I'm currently long with two positions. Note
This could be the start of the next leg up Note
In profit again Note
Another potential long trade set up Note
Nice move toward our second target Note
last update for this idea - target more or less reached - looking for a correction now 
Twitter: twitter.com/logicfxtrading
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
Facebook: facebook.com/logicfxtrading
Telegram: t.me/logicfxfreetrades
Flipboard Magazine: tinyurl.com/yazs9szc
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.