Elevatemarkets

CADCHF L1 LONG (EM SIGNATURE)

Long
OANDA:CADCHF   CAD/CHF
Structurally this looks great for a second session rise. However, I am slighly cautious due to the EMA fanning out. It is possible for price to retest the Low of the Week so far. Considering that the correlated Indices are lined up, I wiill take this trade though with a lower risk than usual. Limit order at SQP level with a 1:2 R:R

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