CADCHF SHORT 1 HOUR BREAK AND RETEST TRADE SETUP
Hi everyone:
Here is my view on CADCHF SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #6
Date: 12/06/2016
Time: 07:00 GMT
Forex Pair/Commodity: CADCHF
Position: SHORT (SELL)
Reward/Risk: 3:1
Opportunity:
Daily: hit strong horizontal resistance line @ 0.7600. Price could not break above 5 times,
formed bearish engulfing candle
4 Hour: Formed rising wedge, price break down the support trend line,
retested the 20 EMA
1 Hour: Break down the strong support trend line, retest to the 50 EMA, main pivot point,
0.382 fibs retracement
Looking to take this pair to daily support resistance trend line of 0.7520 area, and 20 EMA.
Thank you for your support
Here is my view on CADCHF SHORT, Any type of feedback is greatly appreciated it. Thank you
Trade: #6
Date: 12/06/2016
Time: 07:00 GMT
Forex Pair/Commodity: CADCHF
Position: SHORT (SELL)
Reward/Risk: 3:1
Opportunity:
Daily: hit strong horizontal resistance line @ 0.7600. Price could not break above 5 times,
formed bearish engulfing candle
4 Hour: Formed rising wedge, price break down the support trend line,
retested the 20 EMA
1 Hour: Break down the strong support trend line, retest to the 50 EMA, main pivot point,
0.382 fibs retracement
Looking to take this pair to daily support resistance trend line of 0.7520 area, and 20 EMA.
Thank you for your support
Nota
DAILY CHART: 4 HR CHART:
Dagangan ditutup: hentian tercapai
Price broke above resistance of main pivot point, 20/50 EMA and 0.382, 0.5, 0.618 fibs retracement for a 1% loss.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.