mrfalvo
Long

CADCHF continuation long test

FX:CADCHF   Canadian Dollar/Swiss Franc
19 views
0
19 0
With price finally getting above the major weekly notch area, continuation to the upside is expected. My level is the the last major trend start level within the 15min trend that took us over the weekly notch area. Price has not managed to get under a trend leg as of yet on the low time frame and with a 4 hour close above the peak of the main trend leg that took us to our local low I believe a bounce at my level is expected. I plan on closing 50% of my position in the targets within my risk reward scenario and leaving the rest to run because bullish continuation is likely. I will slowly be moving my stop loss up because of the little profit i will be taking early in order to keep risk to a minimum.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out