Summary
Scenario : Long
- Looking for a bounce of the blue trendline, followed by a break of the red trendline, with entry upon reversal to the red trendline. This reversal will have to be spotted on a lower TF. I think this scenario is highly improbable seen as CADCHF and USDCHF are about 90% correlated with this being a slower less reactive version of USDCHF
Scenario 2: Short(More probable)
-Looking for a break of the lower blue trendline, of the upward facing blue channel. A retracement to it will be a good point of entry and this can easily be spotted on a lower TF. This is also further supported by the presence of a hidden bearish divergence on the rsi(14).
SL:0.82197
TP:077144
TP1 50% of TP
Scenario : Long
- Looking for a bounce of the blue trendline, followed by a break of the red trendline, with entry upon reversal to the red trendline. This reversal will have to be spotted on a lower TF. I think this scenario is highly improbable seen as CADCHF and USDCHF are about 90% correlated with this being a slower less reactive version of USDCHF
Scenario 2: Short(More probable)
-Looking for a break of the lower blue trendline, of the upward facing blue channel. A retracement to it will be a good point of entry and this can easily be spotted on a lower TF. This is also further supported by the presence of a hidden bearish divergence on the rsi(14).
SL:0.82197
TP:077144
TP1 50% of TP
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.