Dear traders,
Here we have a nice setup on CADCHF. As you have seen a decent rally in the past week and this pair has reached to a major level of structure and bounced back nicely with a bearish engulfing candle. I have gone short on this and marked the tp and sl for you as well. Wait for it to go up a little bit before entering short.
Let me know your thoughts.
Trade safe and good luck.
Here we have a nice setup on CADCHF. As you have seen a decent rally in the past week and this pair has reached to a major level of structure and bounced back nicely with a bearish engulfing candle. I have gone short on this and marked the tp and sl for you as well. Wait for it to go up a little bit before entering short.
Let me know your thoughts.
Trade safe and good luck.
Trade closed: target reached:
Trade closed, I hope you enjoyed the pips.