CADCHF: Multiple Bearish Breakout

FX:CADCHF   Canadian Dollar/Swiss Franc
1219 12 11
Update: Stopped out = -85x2= -170
Update: Trade is ACTIVE

- Rising channel was taken
- Key Horizontal Support around 0.8400 was taken
-50 days SMA was taken
-Retested that broken support area , and failed.
-Rejection pin bars

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
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Looks ready for a reversal from this longer term chart as price is hovering below the channel break... lots of whipsaw though...
Stopped out = -85x2= -170
Pepolape Technician
Hi Technician, I have also lost in this operation, but no problem. What do you think about EURUSD right now?
I think its bearish to sideways for now... But no trade for me
+1 Reply
the trade is close due to market had hits SL. -177 USD. T.T
+1 Reply
Update: Trade is ACTIVE
Pepolape Technician
Stop is practically here now
Trade is active but the market is seem like against us. What is ur opinion about this trend? tq
Technician VelsonChew
i am in the trade now, keeping my stop loss intact
Added to my short a few hours ago
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