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.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out