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faylee
Jun 12, 2017 5:13 AM

CADCHF** Potential big chance Long

Canadian Dollar/Swiss FrancFXCM

Description

Entry1: $0.72
Entry2: $0.717
Tp1: $0.7292-0.73
Tp2: $0.75
Tp3:$0.77
Tp4: to be advised after breaking out 0.77

Trade active

0.72062

Comment

Weekly chart:
close to the ceiling of a descending wedge, looking for a break out:

Comment

The senior vice president Wilkins of CBC said, they will assess the need to reduce the intensity of stimulus, mainly due to the recent economic growth.

Trade closed: target reached

Tp1 $ 0.73reached, 100pips. profit taken already.it seems some restance here, will add more buys after retracement done

Trade active

this pair is very bullish and seem like unwilling to retrace to my target entry. longed again $0.735

Trade active

added longs @0.7315

Comment

4H chart update:
retracement done, bo the trendline

Trade closed: target reached

it's already hit Tp3 and broke the tg directly, so, can hold the longs for a while, 500pips now.

Trade active

longed again from 0.771

Comment

Daily chart update:
still on wave 3, tg: 0.784-0.788

Trade active

added longs from 0.7681
Comments
Hassanfx_Expert
sl same 0.7665?
Hassanfx_Expert
sl and tp?
faylee
@Hassan.saeed881994, sl:0.766 tp as above said
Hassanfx_Expert
@faylee, thnx
ChimbOt
warrenhood
well done Faylee, another accurate prediction!
jojofang0901
Nice trade setup, thank you for sharing. I have similar view as well.
faylee
@jojofang0901, nice, cheers!
AhmedHamdan1
Waiting for this set up since first of June .. let us rock it..
PaulJonFX
@ahmedhamdan, haha yes! What TP are you aiming for?
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