FX:CADCHF Canadian Dollar/Swiss Franc
This continuation trade has confluence as far as entry, stops, and targets on both the 4hr and . Price kissed the descending after meeting horizontal resistance with a and the creeping into overbought territory. I'm not sure if I'm being weak or realistic with my target. Between the slope of the descent and the next structural level, I think I could probably squeeze another 25 pips out of it. Thoughts?
Trade closed: stop reached: Price broke structure to the upside and I was stopped out. My rules were followed and, from a technical perspective, I can't find a reason why I shouldn't have been in this trade. I'll mark this one up as a good trade that didn't work out.