CADCHF BUY

175

๐Ÿ” CADCHF has recently bounced from a significant horizontal support level observed on both the 4-hour and daily timeframes.

๐Ÿ“Š We anticipate a re-test of key support levels as indicated on the chart.

๐Ÿ“‰ Our decision to enter this trade is grounded in technical analysis and candlestick patterns.

๐Ÿ”„ These trades are long-term in nature; therefore, it's recommended to maintain sufficient margin to navigate market fluctuations. Employ effective risk management strategies based on your account size.

๐Ÿ“Œ Trading Rules:

1๏ธโƒฃ Rule 1: Once the market reaches Target 1, consider closing some trades or moving your STOP LOSS to the ENTRY price (break-even) for a secure trading experience.

2๏ธโƒฃ Rule 2: After reaching Target 1, refrain from initiating new trades based on the same signal/alert.

3๏ธโƒฃ Rule 3: If the market consolidates for more than 2 days, close the trade and patiently await the next promising opportunity or trade signal/alert.

๐Ÿ“Šโœจ Happy Trading! ๐Ÿš€ #MarketAnalysis #ForexTrading #RiskManagement

Penafian

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