hello,
Lets look at CADCHF
Entry 0.77065
TP0.775
SL0.76785
WHY?
looking at the hourly chart, 0.77 level got tested several times prior to 1/9/2017 before bring broken through on 1/9/2017 and went higher to around 0.779 level and came back down to 0.77. 0.77 then got tested as support several times on 4/5/6 Sep. Lets see if the support is strong enough for another 50 to 90 pips bounce.
Lets look at CADCHF
Entry 0.77065
TP0.775
SL0.76785
WHY?
looking at the hourly chart, 0.77 level got tested several times prior to 1/9/2017 before bring broken through on 1/9/2017 and went higher to around 0.779 level and came back down to 0.77. 0.77 then got tested as support several times on 4/5/6 Sep. Lets see if the support is strong enough for another 50 to 90 pips bounce.
Trade closed: target reached:
boom ! target hit