joeyvalentino

CADCHF Re-Entry Opp

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
Been eyeing this pair for a while now, I have reason to believe there is weakening in price going on if you look at the RSI there is is divergence as price tried gain bullish momentum... price tried to break out of bearish trendline resistance but was forced back under. I see price continuing to weaken and move down. this re entry opportunity is ideal because the risk to reward ratio is on point.

If i get stopped out i am only risking 1% on this move but the upside s going to be wonderful.


Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.