Sell below 0.7651. Stop loss at 0.7689. Take profit at 0.7591.
Reason for the trading strategy (technically):
CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it is expected to drop further to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Reason for the trading strategy (technically):
CADCHF reversed off its resistance at 0.7651 (100% Fibonacci extension x2, 61.8% Fibonacci retracement, horizontal swing high resistance, ascending channel resistance) where it is expected to drop further to its support at 0.7591 (61.8% Fibonacci extension, 61.8% Fibonacci retracement, horizontal overlap support).
Stochastic (55, 5, 3) reversed off its resistance at 95% where a corresponding drop is expected.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.