CADCHF - Fibo Retracement Trade
Updated
The pulse to the upside which has already broken some previous support levels, has created a nice up move (without any red candles) and a retracement to the Fib(0.318) level.
If the 1H candle closes above Fib(0), we will be waiting for a touch back to Fib(0) and place our entry there.
If the candle closes right on top of the Fib(0) line, we will enter the trade directly.
If the 1H candle closes above Fib(0), we will be waiting for a touch back to Fib(0) and place our entry there.
If the candle closes right on top of the Fib(0) line, we will enter the trade directly.
Trade active
Trade has been activatedTrade closed: stop reached
Stopped out.
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.