CADCHF (Daily): LONG OPPORTUNITY on the ASCENDING CHANNEL!
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Since August 2020, the price has been following a clear uptrend, bouncing many times on the channel's dynamic support.
The price just reached the dynamic trendline resistance and the price action around this zone will be helpful to understand the next market's movement.
IF THE PRICE WILL BREAK the dynamic resistance, you might consider the following trade details on the pullback:
(This is a daily chart trade and you could get many days before getting the suggested target).
ENTRY POINT: 0.69262
TAKE PROFIT: 0.70878
STOP LOSS: 0.68543
RISK/REWARD RATIO: 2.25
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
Since August 2020, the price has been following a clear uptrend, bouncing many times on the channel's dynamic support.
The price just reached the dynamic trendline resistance and the price action around this zone will be helpful to understand the next market's movement.
IF THE PRICE WILL BREAK the dynamic resistance, you might consider the following trade details on the pullback:
(This is a daily chart trade and you could get many days before getting the suggested target).
ENTRY POINT: 0.69262
TAKE PROFIT: 0.70878
STOP LOSS: 0.68543
RISK/REWARD RATIO: 2.25
Stay tuned for updates!
What's your opinion? Share your idea writing a comment!
Trade Safe and Responsibly
Gianni
