CAD has been the strongest currency for a while and the same can be said for the weakness of the CHF, we are already in this trade from a few weeks ago which is a 15-1 trade which we have posted about previously. so we are riding this currency pair and have added to our position, what we saw was an impulse move off our daily zone (red zone) and then minor consolidation on the 1h timeframe. we then saw a minor break and exhaustion of this consolidation allowing us to place a trade to the upside, our take profit 1 has been hit so we are now in a risk free trade, we will ride this all the way to our final target.
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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.