FX:CADCHF   Canadian Dollar/Swiss Franc
If the pair bounces off of the bearish trend line we will be looking to sell. Ideally I want to see one more push higher, reaching the trend line and creating a false break. Next step would be a breakout below the up trend line (dotted green line) and most recent low. Once that happens I will be looking for a re-test of broken TL and correction before entering a sell trade.

The potential risk:reward ratio here could be amazing as we can get just a few pips of stop loss while the potential target would be hundreds of points. Depending on the entry we can catch a trade with 1:7/8 or even 10 risk:reward ratio.

Stop Loss – set the stop loss above last high.

Final Target – lower band of the triangle.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Polska
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out