CADCHFbeing held at 0.7320, looking to short .. week of 24 Oct.
This pair has been bearish since June, but more recently it has been trying to break above that area. Another attempt is in progress now but in my opinion that will also fail. I am expecting price to turn around and resume the overall bearish trend.
I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If this works out as per my expectation, we may have a 5R trade.
Always use sound money and risk management and stay patient in all your trades.
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I will be looking for some bearish price action in s/r zone on a lower time frame to target the 0.7120 area. If this works out as per my expectation, we may have a 5R trade.
Always use sound money and risk management and stay patient in all your trades.
If you like my analysis, please give it a “thumbs up” and follow me to get even more awesome content.
What do you think about this trade idea? Please comment and share your thoughts!!
Comment:
This trade started moved nicely but now came back to my entry. I am still holding on to see what happens next week.