Last night was a bloodbath for stock as predicted but there is an opportunity to buy CADCHF and other risk on currencies. The reason I chose this was:
1) Daily is UP
2) Oil is strong so therefore so is CAD
3) Strong divergence in M15, M30 and H1
Stop Loss is about 40 pips.
1) Daily is UP
2) Oil is strong so therefore so is CAD
3) Strong divergence in M15, M30 and H1
Stop Loss is about 40 pips.
Trade closed: stop reached
Trade stopped out sadly. The bears are in control.19/05/22 DEAL CAD/CHF Mini converted at 1.42272560042202 SD SD-72.13
Funds: SD11,123.28
Trade active
Entered the trade again on 20th May 2022. H4 is completely oversold.
There is a yesterday's low.
RSI divergence on H1, M30 and M15
Note
There is a shark pattern at Point C now.The target to sell would be 0.7685 which is about 100 pips away.
Trade closed manually
Took the money out when M15 reached OB.20/05/22 DEAL CAD/CHF Mini converted at 1.40947710455761 SD SD13.04
Funds: SD11,095.00
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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.