CAD/CHFLong
CADCHF Trend Reversal Analysis
I'm looking at a bullish opportunity for the CADCHF pair. The RSI indicator shows a bullish divergence, indicating a potential reversal upward move. I've set our entry point at 0.65228, and to manage risk, the stop loss (SL) is at 0.64818.
Take Profit (TP) is set at 0.66696, offering a very attractive risk-reward ratio of 4.04. This trade is based on strong support at the 4-hour timeframe.
Disclaimer:
Remember that all trading involves risk. This analysis is for informational purposes only and should not be considered financial advice.
Take Profit (TP) is set at 0.66696, offering a very attractive risk-reward ratio of 4.04. This trade is based on strong support at the 4-hour timeframe.
Disclaimer:
Remember that all trading involves risk. This analysis is for informational purposes only and should not be considered financial advice.
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