I am already 120 pips in on this trade (check past analysis) from a sell limit order.
As you can see price action has been respected between the trend line resistance (4th touch) and the support level (5th touch).
I have left this trade open over the weekend, however there maybe another entry point depending if the bearish cande continues on market open.
. There is a possibility of temporary retracement to suggested support line (0.7315). if so, traders can set orders based on Price Action and expect to reach short-term targets.
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance....
Happy Sunday people!
Potential opportunity on the CADCHF chart.
Trend lines have been respected since early May with significant movements when touched, expecting a strong sell if resistance is hit.
I suggest 2 sell limits @ 1% of your account.
Universal love stay in control and remember its a long game...
(I write most of this s**t to remind myself that)