We have a trend line structure in this setup, a descending channel. On the 240, we have a M peak formation at its 2nd leg, and in that 2nd leg, we also have a M formation on the 15-min, a timeframe that I use to enter my trades.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll get back in according to my strategy.
TP1: 2.1 RR
TP2: 3.5 RR
Extended target: 15.5 RR
Total Risk: 21+35+155/10+10+10 = 211/30 = 7.03 Real Risk/Reward
Aggregate Risk: 2.1+3.5+15.5 = 21.1 Reward if all TP Hit.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll get back in according to my strategy.
TP1: 2.1 RR
TP2: 3.5 RR
Extended target: 15.5 RR
Total Risk: 21+35+155/10+10+10 = 211/30 = 7.03 Real Risk/Reward
Aggregate Risk: 2.1+3.5+15.5 = 21.1 Reward if all TP Hit.
Nota
The targets RR have been miscalculated but you get the idea thereNota
RR: 20.1Aggregate Risk: 6.7
Sorry for the inconvenience, I inverted the concepts and I had to remove 10 pips from the calculation of TP1.
TP1 RR is 1.1, not 2.1
That changes basically nothing but I had to notify.
Trade safe.
Dagangan aktif
Nota
First TP reached.Dagangan ditutup: sasaran tercapai
2nd TP reached.Dagangan ditutup secara manual
SL Break-even for the extended target.
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.