This trade is against the trend.
RSI on H4 and D1 is fully overbought. There is massive resistance on a monthly/weekly chart.
This trade needs a few days to pan out. We need to see weakness on the smaller timeframe to execute the trade. Currently NO ACTION taken.
RSI on H4 and D1 is fully overbought. There is massive resistance on a monthly/weekly chart.
This trade needs a few days to pan out. We need to see weakness on the smaller timeframe to execute the trade. Currently NO ACTION taken.
Trade active:
Entered the trade at 0.7600. The stop loss is 80 pips away as it is a big pattern. H4 is losing strength and there is divergence in H1, m30 and m15
Trade closed manually:
There is a M15 Double bottom and it is likely to challenge the high of 0.7615. Will exit and look to sell again.
21/04/22 DEAL CAD/CHF Mini converted at 1.426850608381295 SD SD3.42
Funds: SD10,010.26
21/04/22 DEAL CAD/CHF Mini converted at 1.426850608381295 SD SD3.42
Funds: SD10,010.26
Trade active:
Sold this trade again at 0.7600 once the high was challenged. It is current up about 25 pips. This is counter trend so I may look to take profit quickly.
The commodity currencies (AUD,NZD, CAD) are oversold and would look for a rebound.
The commodity currencies (AUD,NZD, CAD) are oversold and would look for a rebound.
Trade closed: target reached:
Closed this trade as there is a lot of consolidation on M15. Expecting CAD to move up and we can look to short for the third time at 0.7600- 0.7610.
22/04/22 DEAL CAD/CHF Mini converted at 1.422524691399585 SD SD29.45
Funds: SD10,140.30
22/04/22 DEAL CAD/CHF Mini converted at 1.422524691399585 SD SD29.45
Funds: SD10,140.30