Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis, support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!
This market is giving us a great opportunity! I suggest you to have a quick look on the CADCHF Daily Chart to understand with a different perspective the reasons of this market's movement.
You could check it out clicking the link here below:
Let's focus on the area that interests us:
As we can see, since many days ago the price has been following a strong descending channel, bouncing many times on the dynamic S/R level of this channel.
The price just broke the channel and it's probably going to get a short correction.
ONLY IF THE PRICE will bounce on the support level, confirming the end of the descending channel and the beginning of a new trend, then you might consider the following trade details:
ENTRY POINT: 0.69766
TAKE PROFIT: 0.70456
STOP LOSS: 0.69390
RISK/REWARD RATIO: 1.70
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
This market is giving us a great opportunity! I suggest you to have a quick look on the CADCHF Daily Chart to understand with a different perspective the reasons of this market's movement.
You could check it out clicking the link here below:
Let's focus on the area that interests us:
As we can see, since many days ago the price has been following a strong descending channel, bouncing many times on the dynamic S/R level of this channel.
The price just broke the channel and it's probably going to get a short correction.
ONLY IF THE PRICE will bounce on the support level, confirming the end of the descending channel and the beginning of a new trend, then you might consider the following trade details:
ENTRY POINT: 0.69766
TAKE PROFIT: 0.70456
STOP LOSS: 0.69390
RISK/REWARD RATIO: 1.70
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Verbundene Veröffentlichungen
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.