Since the double top back in May 2022, the CadChf pair has traded in a clear and nice downtrend.
However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65.
A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved.
Keep in mind is a very slow pair!
However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65.
A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved.
Keep in mind is a very slow pair!
Note
Target reached
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Related publications
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.