ENTER LONG: CADCHF @ 0.6902
Looking at the weekly chart, The RSI has crossed back up, and there is bullish engulfing on the previous candle.
On the 4 hour chart, the RSI is almost at 30...this shows me that there is very little more leg to the downside, so I have drawn a more inside trend line......
As a result, I have entered a long trade with a stop loss of 300 pips.....and a potential profit of 200 pips ( note ...I don't follow the risk/reward ration norm....infact I do the opposite)
I will be holding this trade for a few weeks
Trade at your own risk
enjoy.
Looking at the weekly chart, The RSI has crossed back up, and there is bullish engulfing on the previous candle.
On the 4 hour chart, the RSI is almost at 30...this shows me that there is very little more leg to the downside, so I have drawn a more inside trend line......
As a result, I have entered a long trade with a stop loss of 300 pips.....and a potential profit of 200 pips ( note ...I don't follow the risk/reward ration norm....infact I do the opposite)
I will be holding this trade for a few weeks
Trade at your own risk
enjoy.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.