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AGold54
Jan 18, 2019 3:51 AM

CADCHF Potential homerun trade Short

CAD/CHFOANDA

Description

This pair is bearish on both the Monthly and Daily time frames.
price is currently compressing below the Daily Senkou A (bottom of the Cloud)
this is a very strong resistance level and great place for a small stop loss entry with
a profit target of .7066 which is the Daily 1.27 fib extension.
first we need the pair to compress slightly below the Senkou A for at least 2 more hours
(starting at 1am est. ,we will look for a quick pop back up the Senkou A level for entry)

Entry = .7491
Stop = .7511
Risk = 20 pips
Profit target = .7066
Reward = 425 pips
RRR = 21 - 1 :)

Trade active

This trade is now Active :)

Trade closed: stop reached

Unfortunately the Cad news got us on this one.
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