Technician
Long

(J) Trade 9: Bullish Three Drives #Forex

FX:CADCHF   Canadian Dollar/Swiss Franc
3400 27 117
Update: Target Reached without entry Trade Cancelled.
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Trade 9: Pending Long CADCHF             @0.7465
S.L @ 0.7420
T1 0.7520
T2 0.7585

For $29,798.94 Balance, Position size = 1.1 lot


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Reasoning

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Technician
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ChetanFX
2 years ago
On 1H chart its creating a down flag.. if it breaks that flag then it can fall down to 0.7430..then I think it would be a good buying opportunity.... Its Just my view
Reply
TahirAli
2 years ago
Nice trade set up.Thanks Technician.
Reply
Dinkan
2 years ago
Nice trade set up! looking forward, Good luck!
Reply
Philipchuk PRO
2 years ago
Thanks Technician.
Reply
Hi tech,
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.
snapshot


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.
snapshot


All in all, stops below 100% D1, 50% W1, all is fine. Counter trend trade.
Reply
Technician TOP PriceActionTrading
2 years ago
Thanks mate, yep its a counter trend setup within the context of the recent range.
+2 Reply
PriceActionTrading Technician
2 years ago
Yea tech. the RR is very optimal right now for those in the trade. Nice pick you have. Just the uncertain risk of countertrend trading.
Reply
Technician TOP PriceActionTrading
2 years ago
Yes, true, risk is always there... Need some luck on this one, had a streak of good forecasts but without getting triggered.
+2 Reply
aaahmed12
2 years ago
Thanks Jordan. Seem like a good trade
Reply
SandroTurriate
2 years ago
Sweet! A quick 25 pips of profit for me! Thank you sir.
Reply
Technician TOP SandroTurriate
2 years ago
hehe, great
Reply
Technician TOP
2 years ago
Whats going on :|
+2 Reply
TahirAli Technician
2 years ago
I am thinking on the same lines too.
Reply
kitnik Technician
2 years ago
Stick to your guns, man. Great analysis, will play out well long term. Good luck with the next one.
And I'm thinking about small market orders on your predictions ;)
Reply
FXMONA Technician
2 years ago
Price reach 90% of TP without triggering pending. So will we cancel the pending?
Reply
catolica Technician
2 years ago
Bad luck :(
Reply
FXMONA
2 years ago
Price reach 90% of TP without triggering pending. So will we cancel the pending?
Reply
fasttrader
2 years ago
Is this trade dead since we got to more then 90% of T1.
+1 Reply
MarkLangley PRO
2 years ago
been looking at this as well i am with you
Reply
dionvuletich
2 years ago
Am long from 0.7473 so agree, although my first target was 0.7558 but close enough to say we are thinking the same thing, second target much higher at 0.7688 but might be a stretch...
Reply
Tijmen_K
2 years ago
T1 reached trade cancelled.. Bad Lucky again
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Jahid
2 years ago
wow tp1 his hit
Reply
mianwaqas35
2 years ago
you are great :) awsm
Reply
zmm20
2 years ago
Wow, great call! Unfortunately didn't trigger AGAIN it looks like, bummer. Oh well, keep up the great work!
+1 Reply
thank you technician
Reply
sudersanrao
2 years ago
Hi Tech,
All your Trades are Great. Some how missing Entry.
All the Best.
Rao
Reply
cipri.blaga
2 years ago
very good job! I really like your trading strategy
Reply
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