CAD-CHF
Weekly Structure - Downtrend (The price has been moving lower since 11th Septembver 2017)
Daily Structure - Downtrend (We have a clear downtrend until the price reached 0.72500 and then we saw some correction until the price has been rejected (re-test) on 0.74400 after the 1st one on January 22nd.
On the 4 hour chart we saw a small uptrend (the correction on the daily downtrend) and the trendline was broken and being re-tested near 0.74250, where the price has been rejected 5 candles in a row.
We can see price moving lower at least until 0.73600.
R/R - 2.84
Daily Structure - Downtrend (We have a clear downtrend until the price reached 0.72500 and then we saw some correction until the price has been rejected (re-test) on 0.74400 after the 1st one on January 22nd.
On the 4 hour chart we saw a small uptrend (the correction on the daily downtrend) and the trendline was broken and being re-tested near 0.74250, where the price has been rejected 5 candles in a row.
We can see price moving lower at least until 0.73600.
R/R - 2.84
Note
You can move SL at entry and let it run or do trailing stop.Note
Take Profit Reached.Note
Profit 45 Pips
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