CADCHF has been retracing back to the previous high. We are expecting the pair to drop from this level that could potentially make a decent return on investment. The setup is complemented with a clear double top formation on the 4H followed up with divergence.
Currently on M15 we are trading in an ascending channel just after forming another double top formation followed by divergence.
*Conservative entry would be to wait for the break of channel.
Risk vs Reward: 2:1
Good luck!
*Updates to follow!
Currently on M15 we are trading in an ascending channel just after forming another double top formation followed by divergence.
*Conservative entry would be to wait for the break of channel.
Risk vs Reward: 2:1
Good luck!
*Updates to follow!
Trade closed: target reached
Target hit: +2%
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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.