dionvuletich
Long

CADCHF Daily Cypher

FX:CADCHF   Canadian Dollar/Swiss Franc
35 0 0
In the zone, current candle is yet to close, but if small and bullish it would be a good sign for a short term rally

Aggressive stop would be just below pin bar , conservative would be below the 113% extension, Reward to risk wise I prefer the aggressive entries while giving up win% in the process in return for higher reward to risk ratios...
Reward to risk would be 2.2:1 for first target which is good, and 6:1 for second target if hit...

Bullish RSI divergence also helps but I rarely put much emphasis on it
Trade closed: stop reached: -1R Loss
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