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memit
Oct 31, 2018 11:07 AM

CADCHF long of the 4 Hour Long

CAD/CHFOANDA

Description

I posed a trade a long trade on cadchf before which was a breakout of the triangle consolidation. The breakout failed and now it looks like its trying to go higher again. On the 4 hour, price has broken higher and made a small three candle correction onto the ema and some support. Prices may go up from here. I will look for a clean break through the h4 trendline before taking a long position and look to either take profit or tighten stop losses when the trade gets to 1-1 which is the next level of resistance.
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