TradingView
ForecastCity
Aug 19, 2020 5:26 PM

Don't miss the great buy opportunity in CADCHF Long

Canadian Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.6885). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 70.

Take Profits:
TP1= @ 0.6935
TP2= @ 0.6980
TP3= @ 0.7025
TP4= @ 0.7060
TP5= @ 0.7140

SL= Break below S2

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Comments
sara-kian-fx
Nice thorough Analysis :)
ForecastCity
@sara-kian-fx, Thank you for your comment.
Mesutkashmar
This is great.
ForecastCity
@Mesutkashmar, Thank you for your comment. It is appreciated.
Kamryn
Thank you so much.
ForecastCity
@Kamryn, You're most welcome!
Mehmetozdemi
Nice idea.
ForecastCity
@Mehmetozdemi, Thank you for your comment.
hamidtranyen
Hello, How about now , can it goes until higher TPs. ?
Thanks.
Sir_Ray
I can't thank you enough.
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