Today I entered a huge huge 371pip short on CADCHF - with the reward risk ratio of 7.41.
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short.
Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair.
Please let me know your guys thoughts!
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
I'm looking for a break of the marked 4H structure and for it to retest and continue down to the desired target of 0.66215. I know a lot of people will say this is ambitious, and I agree - but I from an analysis that I'm following and have checked out. I feel that this is a great opportunity for a longterm short.
Something I'll be keeping in mind would be the news coming from Canada on Wednesday - especially the CPI report which will certainly have some High Impact on the Pair.
Please let me know your guys thoughts!
*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*
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Took a while but its falling!