Long on CAD/CHF
Price has broken above the resistance line of a descending triangle with a convincing bull candle.
Price is also coming from a major support zone, will nothing but space an opportunity for it go back up to the resistance area.
Here is the play I will be taking on this trade:
PAIR = CAD/CHF
ORDER TYPE = BUY NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.72170
STOP LOSS = 0.71903 - 40 PIPS / $4 LOSS
TAKE PROFIT = 0.73336 - 102 PIPS / $10 GAIN
Price is also coming from a major support zone, will nothing but space an opportunity for it go back up to the resistance area.
Here is the play I will be taking on this trade:
PAIR = CAD/CHF
ORDER TYPE = BUY NOW
LOT SIZE = Micro lot (0.01) (0.02)
ENTRY PRICE = 0.72170
STOP LOSS = 0.71903 - 40 PIPS / $4 LOSS
TAKE PROFIT = 0.73336 - 102 PIPS / $10 GAIN
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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.
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.