overbought from weekly down to 1hr chart.
Broke through the channel(false breakout I think).
RSI Divergence on the 4hr chart from the 15th March 21, 5:00 candle to the 31st March 21, 17:00 candle.
SELLING CAD/CHF
Entry: 0.7392
Target 1: 0.7328 (64+ pips)
Target 2: 0.7254 (138+ pips)
SL: 0.7478 (86- pips)
R:R 1.6
Please use a sensible lot size. Do not risk more than 1% per trade
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
Man I HATE tRADING mINOR pAIRS::: aNYWHO. A Sell Opportunity Here Is Popping Up:: This Pair Is On Strong UpTrend That's Slowly Losing Momentum $ Looking To Benefit From This:: TP 1 $ 2 Yellow Lines... SL Indicated On Chart As Well. HopeFully It Plays Out
This is an educational + analytic content that will teach why and how to enter a trade
Make sure you watch the price action closely in each analysis as this is a very important part of our method
Disclaimer : this analysis can change at anytime without notice and it is only for the purpose of assisting traders to make independent investments decisions
As you can see, price is going up in parallel channel. Price has reached to it's high level and need to get a bit rest for next movements. So I expect to see a bit decrease within the channel and almost 150 pips profit is possible.
CADCHF BEARISH BAT PATTERN
Market Sell Order Set Up.
Sell Entry: (0.69862)
Min Take-Profit: (0.69554)
Max Take-Profit: (0.69362)
Stop-Loss: (0.70186)
Max Risk-Reward: (1.54)
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