TradingwithBelieve

Trade Plan for CAD/CHF - Seizing Bullish Divergence

Long
OANDA:CADCHF   CAD/CHF
Trade Plan for CAD/CHF - Seizing Bullish Divergence:

Trade Objective: To capitalize on the bullish divergence in CAD/CHF with a lower high (LH) breakout for an upward push to new highs.

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. Analysis: CAD/CHF, D1/H4 charts, bullish divergence in a consolidating market.


. Entry: Enter on the candlestick close following LH breakout.


. Risk Management: Set stop loss below the recent low, risk no more than 1-2% of your capital.


. Execution: Set take profit using technical analysis tools or resistance levels.


. Monitoring: Continuously track and consider adjusting the stop loss.


. Exit: Exit at the take profit level or if a trend reversal occurs.


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