We were in this trade since 4 January but price has met a roadblock near the 0.70 level. We may see some retracement along the way but the overall trend is still up.
You can buy in when price retraces lower.
CADCHF Long
Entry is valid as long as price is above 0.6890
SL: 0.6860
TP: 0.7120
You can buy in when price retraces lower.
CADCHF Long
Entry is valid as long as price is above 0.6890
SL: 0.6860
TP: 0.7120
Comment:
We had a strong upward swing today after the BOC. I expect the momentum to continue. As long as the price has not touched the top of the channel, the direction is still up.
Comment:
We had a recent swing down to the bottom of the channel and has been met with a buy up. This trade is still floating over 100 pips in profit.
Stop losses can be set to 0.6990, securing a profit of 100 pips.
The price action is still showing bullishness today and retail sentiment is 93% short on this pair. We will likely see it break up higher.
Stop losses can be set to 0.6990, securing a profit of 100 pips.
The price action is still showing bullishness today and retail sentiment is 93% short on this pair. We will likely see it break up higher.