We are going bearish in CADCHF for the following reasonable points.
All the above points confirm each others' which enabled us to go short
SIGNAL
Sell Stop @0.7530
SL 0.7555
TP 0.7480
My each risk is 2% of my account.
My lot size for this trade 0.10
Risking pips 25
Rewarding Pips 50
patience is necessary.
- The daily Time Frame remained between 0.7393 - 0.7587 area since 10th January 2019. It now passed half year that the price is unable to break and move up/down below this channel.
- Previous Week High is another factor where the price formed an inside bar on H4 TF.
- A trendy channel on H4 is also a solid point where the price is retracing from up and down.
- The Fibonacci Level on Daily TF at the last swing suggest that the price is making an inside bar on H4 time frame at 50% Fibonacci retracement.
All the above points confirm each others' which enabled us to go short
SIGNAL
Sell Stop @0.7530
SL 0.7555
TP 0.7480
My each risk is 2% of my account.
My lot size for this trade 0.10
Risking pips 25
Rewarding Pips 50
patience is necessary.
Giao dịch đang hoạt động
Đóng lệnh: dừng lỗ:
Stop reached... I again took sell position... unfortunately didn't got enough time for analysis....
