Black Velvet - risking 102 for 931 Pips on CADCHF

MMHWRWJ - Well if Oil recovers it would help the CAD to regain some strength. So CAD has been in a down trend for some time and I am sure the question you guys are asking is "if this is the case why the hell Skinwah suggesting a buy". Hear me out! If you look just above the buy you see the trading range highlighted in yellow. Well this looks like accumulation to me! If I am right, we could see first target of 930 pips and break above that for higher bounce. Based the risks, which is 102 pips for 931, this is a trade worth trying. And after all of that, I would like to say that this should not be taken as financial advice. hahaha. Stay safe and leave your comments. Let me know if the tutorials are helpful or not.

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