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ForecastCity
Feb 4, 2020 6:04 PM

Don't miss the great buy opportunity in CADCHF Long

Canadian Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (0.7290). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 46.

Take Profits:
TP1= @ 0.7325
TP2= @ 0.7382
TP3= @ 0.7424

SL= Break below S2
Comments
fali4209
As Price action at entry level
ForecastCity
@fali4209, Thanks for sharing your point of view.
fali4209
Nice it will drop lower
ForecastCity
@fali4209, Thanks for your comment.
Forecast_Crypto
Great stuff. Liked this.
ForecastCity
@Forecast_Crypto, We are so happy you liked it.
sara-kian-fx
nice idea!!
ForecastCity
@sara-kian, Thanks!
Best_Forecast
lets see how the chart works for you!
ForecastCity
@Alexander_007, Thanks for your comment.
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