Alright, let's break down this CAD/CHF sell trade. ๐
First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. ๐
On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. ๐
Now, my eye's on two attractive targets: 0.65750 and 0.65000. ๐ฏ๐ฏ
Now, a bit of context: CAD's been on a rally lately, thanks to the surging oil demand. ๐ข๏ธ But, I've got a hunch that this momentum might not last much longer.
Why, you ask? Well, CAD's closely tied to oil, and with all the uncertainties in the world, the oil demand might waver. ๐
And don't forget about the Swiss Franc - it's a safe haven currency, especially in turbulent times. Given the current global climate, I think it's gonna stay strong. ๐ช
No stop losses this time. I'm playing it cautious with small lots, about .01 for every 1000 USD.
Keep an eye out for updates! ๐
First off, if you peek at the monthly and weekly charts, you'll notice this pair's still riding the bearish wave. ๐
On the hourly chart, buyers seem to be in control and have pushed the market into overbought territory. ๐
Now, my eye's on two attractive targets: 0.65750 and 0.65000. ๐ฏ๐ฏ
Now, a bit of context: CAD's been on a rally lately, thanks to the surging oil demand. ๐ข๏ธ But, I've got a hunch that this momentum might not last much longer.
Why, you ask? Well, CAD's closely tied to oil, and with all the uncertainties in the world, the oil demand might waver. ๐
And don't forget about the Swiss Franc - it's a safe haven currency, especially in turbulent times. Given the current global climate, I think it's gonna stay strong. ๐ช
No stop losses this time. I'm playing it cautious with small lots, about .01 for every 1000 USD.
Keep an eye out for updates! ๐
Nota
This trade is a long-term trade. It can take up to 6-8 weeks.Nota
Trade still valid, still in it.Nota
Almost to our first target.Dagangan ditutup: sasaran tercapai
Target reached, Closed all trades.Nota
All targets hit.Nota
Now that we hit our target, I see bullish targets. Maybe I'll post today.
๐ Free Telegram: t.me/global_horns
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.
๐ Free Telegram: t.me/global_horns
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.