Ambipath

Trading Three Drives Pattern On Daily CADCHF

Short
Ambipath Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
CADCHF

Looks like a perfect entrance time to trade this pattern. Ideally price should go down all the way to 0.7150 but I am going to keep it conservative and put the take profit level near the bottom of the daily channel the price has been honouring.
Trade closed: target reached:
Nicely done!

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.