CAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.
Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01
Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26
Total risk 1.2%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.
Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level.
Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01
Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26
Total risk 1.2%
High Risk Investment Warning
Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Order cancelled
Trade canceled. Price retraced to Stop Loss before Sell Entry hit.
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.
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.