CADCHF is sitting on a major support and historical low area. After multiple retests and a month of consolidation, the price continues to bounce in the channel and rise. I expect the price to shoot up soon, reaching the previous high. The stop loss is tight, making this a good opportunity to try.
Note
In this scenario, secure the trade and let it run, if it closes at the entry, we call it a day and seek another entry next week.Happy weekend.
Trade closed: target reached
Closed at the first target, you can keep it running if you are using a small lot.
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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.