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okoukonicharles
Jun 17, 2022 2:52 AM

CADCHF Long Trade Opportunity Long

Canadian Dollar / Swiss FrancEightcap

Description

A 'buy' opportunity has just presented itself on the loonie-swissy trading chart. This is occasioned by the bullish harami candlestick pattern which closes just above the 0.74593 horizontal support level, which signals a fakeout and suggests an upward price movement.

You can still enter this trade by setting your stop slightly below the level mentioned earlier and placing your target anywhere between your entry price and the 0.78000 psychological level (ensuring a reward-to-risk ratio of at least 3.00).

Happy trading!
Comments
okoukonicharles
As much as this aligned with my buy setup, it was a losing trade.
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