TheOrcale

CAD/CHF - 1D - FaKeout and return to equilibrium

Long
OANDA:CADCHF   CAD/CHF
A trickier one to work out here, price has show us a fakeout and our first signal on 4th December although this trade wasn't valid (Risk/Reward ratio lower than 1:1) price has since created a secondary fakeout with our second signal on 31st December in the form of a bullish engulfing candle.

Price is currently at a perfect point for a trade!

Be patient, my trades can take anywhere between 3 - 30 days to complete, we are trading high probably setups here. Drawdown will present no problems with my system if you use the correct Risk management strategy for your account size.

Good luck :)
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