Entering a 1:2 RR short position on CADCHF.
Monthly time frame is strongly bearish as price has been on a strong downtrend for several months. Recently created a double top around 0.57900 and then pulled back quickly resulting in a bearish weekly closure last week.
Clear head and shoulders pattern on the daily/h4 time frame as well.
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Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Monthly time frame is strongly bearish as price has been on a strong downtrend for several months. Recently created a double top around 0.57900 and then pulled back quickly resulting in a bearish weekly closure last week.
Clear head and shoulders pattern on the daily/h4 time frame as well.
___
Disclaimer: The content shared is for educational and informational purposes only and does not constitute financial, investment, or trading advice. I am not a licensed financial advisor. Any actions you take based on this content are done at your own risk. Past performance is not indicative of future results.
Dagangan aktif
TP 1 hit.Secure 70% of profits and set SL to BE.
Dagangan ditutup: sasaran tercapai
Closed out at the entry point after securing partial profits at the first target. Beautiful 1:2.5 RR winner.Nota
Correction - 1:1 RR*
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.