CADCHF is putting in higher highs and higher lows on the 4 hourly chart. MACD is creating new lows while price is currently at a higher low giving us the divergence. using this we can look for bullish entries using your preferred method of entry with a stoploss under the previous price / divergence low.
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
Take profit can be set to a gap close or the recent range high.
risk for all trades is 2.00% maximum
this particular trade yields a 1:5 risk reward
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.