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meh_
Oct 13, 2021 9:18 PM

CAD/CHF Pair,  Short

Canadian Dollar/Swiss FrancFXCM

Description

Hi, this is my analysis of the CADCHF pair, please trade at your own risk, thank you for viewing.

Trade active

This trade is sill active for me just monitoring the daily and weekly time frame I have a stop loss set to 0.75100.

Trade active

daily closed with a green long legged Doji and weekly closed with a green pinbar candle stick, this pair still looks good for a short but we will have to wait and see.

Trade active

I've still got this trade as active but I noticed that there is a cup and handle formation on the weekly and monthly time frame.

Trade closed: stop reached

I had a low stop loss and got sopped out by 2 pips, I think short term this will take a dip but long term it will shoot up as there is a cup and handle formation on the weekly and monthly time frames
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