Similar as CAD/EUR short strategy, I have one long CAD/CHF strategy, however, the price is not moving to North clearly based on original timing. The price is still wondering in the open price level. So, we need to consider if there would be some thing not smell good.
Currently, the price is touching a short term down trend channel top line area, below it is still supported by a strong support line.
Further, in 20 hours time frame, the "Stoch RSI" is in over sold level but it is wondering in the current level and not clearly crossed and turn to North.
Since the price already very close to break out the strong support line, if the break out happen, the price would continue the long down trend channel movement and the target price will be 0.60539 on Sept 28, 2023.
To be safe, we could open pending sell short order.
Currently, the price is touching a short term down trend channel top line area, below it is still supported by a strong support line.
Further, in 20 hours time frame, the "Stoch RSI" is in over sold level but it is wondering in the current level and not clearly crossed and turn to North.
Since the price already very close to break out the strong support line, if the break out happen, the price would continue the long down trend channel movement and the target price will be 0.60539 on Sept 28, 2023.
To be safe, we could open pending sell short order.
Order cancelled:
Since the price has move out from the expected down trend channel, the support line is showing positive support to the price. Short CAD/EUR strategy temporary cancel. The pending sell short order didn't get trigger yet.
Trade active:
Short order enable
Trade closed manually:
Stop shot CAD/CHF. Need to long it now