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Mihai_Iacob
Sep 6, 2023 6:12 AM

CadChf- A bottom could be in place Long

CAD/CHFOANDA

Description

Since the double top back in May 2022, the CadChf pair has traded in a clear and nice downtrend.
However, although the pair is still under the falling trend line, the pair hasn't made a significant new low after the May one, and for a month now it has been stuck around 0.65.
A reversal could be next for this pair and, considering a target at the recent 0.68 high, a nice 1:3 risk: reward could be achieved.

Keep in mind is a very slow pair!

Comment

Target reached
Comments
maghandas
great
Mihai_Iacob
@maghandas, thanks. Could be a good and "quiet" trade:)
Tolberti
This is a good idea, I like it!
MyCryptoParadise_Nathan
I found your CADCHF analysis helpful. It's essential to consider multiple factors when trading. 📆
melikatrader94
Very good technical overview, thank you
WalterMoon
I love your style pal
FirstNameHelen
Nice summary, thanks dear friend
ArmanShabanTrading
Beautiful idea!
LegionQ8
looks good to me good luck with the trade
WazzaMort
Good call
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