FullTimeTrader
Short

CADCHF-double top with divergence

FX:CADCHF   Canadian Dollar/Swiss Franc
532 5 11
This pair is finding strong resistance at the EMA 200 visible on D1 chart:

snapshot

Here on H4 chart we have some reasons for a correction:

- double top with divergence
- channel resistance

Best regards.

*****************DISCLAMER********************************************************************
Always do your own analysis and plan before opening a trade.
Any respectful and constructive ideas are welcome (agree or disagree).
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It's started going to south , are we still running this trade setup

Thank you FT nice work as always
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thank so much
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Thanks FTT, nice set up! Why sometimes you use 55 EMA or 100 EMA but other times 200 EMA. I suppose it is a obvious question but I would be grateful if you help me here! Thanks again man. Have a nice day!
+1 Reply
FullTimeTrader rozy11Toro
Hello, i use only ema 55 and ema 200 and show them on charts if they are giving relevant information. Its a trading system i have backtested before. Off course the EMAs do not work alone we must combine them with other reasons. Regards.
+2 Reply
rozy11Toro FullTimeTrader
Ok I got it. Thanks for you answer FFT! Have a nice weekend!
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