CADCHF possible long

Jan 15, 2023

CADCHF just reversed the trend bcs of the HLs and HHs and broke previous highs so now on the retest of this zone we have:
1. recent zone of S/R
2. 3rd touch of ATL
3. 4H 50EMA reacting as support
4. 61.8% fib level
For entry we need to see some rejection candles off this zone and then the setup will be complete and ready for longs with good RR

Jan 16, 2023

Trade active

I've entered at 1.6907 with half risk just because I like this setup a lot, but I don't like how the recent 4H candles closed. Anyway, if price manages to go upside I'll be looking for retests to scale the position

Jan 17, 2023

Trade closed manually

I closed this position with small loss, because I didn't like how it was going and now it's looking worse, so I'll stay from this pair for now.