CADCHF LONG
Updated
Cadchf has been serving me pips these last weeks :)
This hidden bullish setup forming on the 4H as well as a hourly divergence, presents a good entry for a long position. This following a significant pullback after we experienced a breakout of a 4H trendline upwards after the CAD rate release last week.
This hidden bullish setup forming on the 4H as well as a hourly divergence, presents a good entry for a long position. This following a significant pullback after we experienced a breakout of a 4H trendline upwards after the CAD rate release last week.
Trade active
Note
What a great entry this turned out to be, at least for now lol. CAD index appears to have a little bull in it for now ... I will make my positions risk free at some point, but that’s just my style ... enjoy the pips !!
Note
Might be a good idea to lock in some of the profits. We have some pullbacks happening at the moment. If the price does turn all the way around, it’s better to have something than nothing :)
Note
There is a CPI rate release for CAD at 1330 uk time today, so at least make sure your positions will be risk free for that. Hopefully this data will impact our positions positively !!Good luck !!
Trade closed: stop reached
I have been stopped out with +11pips profit, which is a shame. I will wait and see what the pair is doing. If I do anything on this pair again I will update.Note
Trade active
No harm in trying again. If you do enter make risk free ASAP. Note
Trade closed: stop reached
My second entry has been stopped out with -22pips.Overall lost -11pips on this trade.
Better analysis next time!
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