About meI am a Forex trader. I trade usually keep my trades open for 5-6 Hr to a 1 day.
I basically trade the major currency pairs but if the set-up is right I take trade in minors and exotic pairs too.
I trade based on trice action and candlestick pattern.
The pair is currently rejecting from a major level of resistance. The lower time-frames indicate a trend reversal.
A short position with a tight stop-loss and a take-profit at 1:3 risk reward is preferable.
the opportunity is in the 4 Hr time frame.
Currently the CADCHF is testing the previous low and also a very strong trend-line.
Chance is that, it will at least test its previous high or would would show a bull run.
It is a good time to long, likely on the 4 Hr time-frame.
Currently, as we can see the nzdusd is in an acute downtrend. It is very close to the trend line and has also hit a demand zone that was tested many times in the past.
The trade is on the 1 hr time frame. All the anlysis that I made was on the 4 hr and daily timeframes.
### Appropriate risk reward is 1:3 here..