Adding CADCHF to my watchlist for a potential long trade opportunity.
This idea is based on a clean break of a major descending trendline on the 2-hour chart, signaling a potential bullish reversal. I am waiting for a pullback to the marked support zone before considering a long entry.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
As mentioned before, today, July 4th, is a major US holiday. With CAD being a North American currency, liquidity is expected to be extremely thin. This increases the risk of unpredictable price action. Please be cautious.
This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
This idea is based on a clean break of a major descending trendline on the 2-hour chart, signaling a potential bullish reversal. I am waiting for a pullback to the marked support zone before considering a long entry.
⚠️ IMPORTANT: Market Holiday & Low Liquidity ⚠️
As mentioned before, today, July 4th, is a major US holiday. With CAD being a North American currency, liquidity is expected to be extremely thin. This increases the risk of unpredictable price action. Please be cautious.
This is a watchlist idea for now.
🛡️ Pro tips for any potential entry:
⚠️ Risk only 0.5~1% per trade.
📉 Be ready to secure profits at TP1.
If you enjoy my charts, hit Boost🚀👍, share your views in the comments 🗨️, and let’s crush those markets! 💹✨
Nota
For those two new analyses: Given these conditions, it's very possible the price will not reach our entry zone until the market re-opens with full liquidity on Monday. This is a watchlist idea that requires patience.Dagangan aktif
Dagangan ditutup secara manual
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.