CADCHF long trade scenario
Updated
Scenario:
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The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
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- Resistance Area breakout
- Wait for the price to bounce off from the resistance area which become support area
- Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
- Then initiate BUY order
/!\ **Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.
Traders! | if you like my analysis and it supports you in your trading decisions, please say it in a comment so we can manage the trade together.
Thanks.
Note
Sell Scenario Can also be foreseen :- Resistance Area breakout Failed [Done.]
- wait for the price to be rejected from the resistance area [Done.]
- wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc [Done.]
- Initiate SELL Order with a small position
- Strengthen SELL position onces the neck line is broken [shoulder head shoulder Pattern]
Trade active
Sell Scenario confirmed. Small position taken, a larger position will follow after breaking the neck line.
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