CADCHF potential bounce!
CADCHF expected to reverse up to 1st support at 0.73509 where it could potentially react and bounce to its resistance at 1st resistance at 0.73889.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
Cadchfidea
CADCHF SELL Swissy is looking strong across all pairs, currently having a minor retracement, looking to hop on the continuation downwards for this particular pair. Wait for multiple 4 hr candle body's to close which are showing rejection of the purple zone given. Taking this all the way down to the -61.8.
265 PIP GAIN 9/1 RR
CADCHF approaching resistance, look out for potential reversal!
CADCHF is approaching its resistance at 0.75044 where it is could reverse down to its support at 0.74455.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
CADCHF Next Market Move is Ready.In the name of Allah, the Most Gracious, the Most Merciful".
CADCHF In 1Hrs Time Frame Looks Bearish Because in 4 Hrs It has Broken its Last Support level which current making resistance level.
News : BOC Rate Statement, Overnight Rate At 8:30 pm Indian Time
Market Trend: In 1 Day Time Frame its Looks more bearish.
Risk is 14 pips Reward is 43 pips.
IT IS HIGHLY RECOMMENDED TO FOLLOW RISK MANAGEMENT STRATEGY.
HOW TO TRADE ON OUR SIGNALS.
We Explain above you use that lot size whatever Capital you have.
Let say, for example, you have 4000 Dollars Capital.
We Posted Trade which has 4 Take Profit.
We will use 0.20 Total lot size We will divide it
in 4 Orders.
0.20 lot Divided by 4 Take profit = 0.05 Lot size.
So we will open 4 Trade with 0.05 Lot size for each trade.
Let See How We will do.
1st Trade 0.05 Lot: Stop loss Same >> Take profit will set to First target.
2nd Trade 0.05 Lot: Stop loss Same >> Take profit will set to Second target.
3rd Trade 0.05 Lot: Stop loss Same >> Take profit will set to the Third target.
4th Trade 0.05 Lot: Stop loss Same >> Take profit will set to the fourth target.
Let Say Our First Target Hitted Then you need to Move All Remaining Trade stop loss to Entry.
If Our Second Target Hitted Then You Need to move All Remaining Trade stop loss to First Target.
If our Third Target Hitted then You need to move All Remaining Trade stop loss to Second Target and So On.
Note: This is only for Educational purposes; this is not investment advice.
Thanks
Adil Khan.