Trade 9: Pending Long CADCHF @0.7465
S.L @ 0.7420
For $29,798.94 Balance, Position size = 1.1 lot
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I rarely trade this pair but heres my take.
on W1, price is bouncing off of the 50% (barely). there was a doji pin 3 weeks back but last week closed a solid down bar. A bounce it is, but slowly edging towards the downside.
on D1, analyzing the bounce off the 50%, it is currently 78.6% of that bounce. the dailys did close to look like a slightly bearish pin bar but thats just the news spike causing the bar to look like that.
All in all, stops below 100% D1, 50% W1, all is fine. Counter trend trade.