Trade Idea con CADCHF by ThinkingAntsOk
Use this as a guide to develop your setup.
Main items we can see on the 4hs chart:
a)The price is on the edge of a major support resistance zone and a broken channel
b)There we can see a Wedge Patter that has already been broken
c)Currently, we can see a secondary correction (purple lines) on the edge of the Wedge Pattern
d)We think that if the price breaks the secondary correction, we will see a bearish movement towards the next Support zone (trendline)
e)The Risk-Reward ratio of this trade is 2.2
DAILY CHART:
Main items we can see on the 4hs chart:
a)The price is on the edge of a major support resistance zone and a broken channel
b)There we can see a Wedge Patter that has already been broken
c)Currently, we can see a secondary correction (purple lines) on the edge of the Wedge Pattern
d)We think that if the price breaks the secondary correction, we will see a bearish movement towards the next Support zone (trendline)
e)The Risk-Reward ratio of this trade is 2.2
DAILY CHART:
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