CADCHF.... POTENTIAL LONG OPPORTUNITY
Hello traders,
I know its been a while since I post a trade idea. Reason is that, my style of trading doesn't allow me take so many trades and it is only trades that I am interested in I post here.
For CADCHF, I am bearish as price hit a strong weekly supply region. However, there might be a long opportunity as price has cleared the daily equal lows (switch to daily timeframe and look left). This should give liquidity for the bullish move.
Do note that price can still go lower to tap into a stronger demand zone at 0.7310. But right now, based on my trading plan, this pair is ready to go long. If it goes against me, I will be looking at the 0.7310 region for market to shift to a bullish structure. At this level, I am sure that there will be a strong demand for CAD.
Let me know your thoughts in the comments.
Cheers!!!
I know its been a while since I post a trade idea. Reason is that, my style of trading doesn't allow me take so many trades and it is only trades that I am interested in I post here.
For CADCHF, I am bearish as price hit a strong weekly supply region. However, there might be a long opportunity as price has cleared the daily equal lows (switch to daily timeframe and look left). This should give liquidity for the bullish move.
Do note that price can still go lower to tap into a stronger demand zone at 0.7310. But right now, based on my trading plan, this pair is ready to go long. If it goes against me, I will be looking at the 0.7310 region for market to shift to a bullish structure. At this level, I am sure that there will be a strong demand for CAD.
Let me know your thoughts in the comments.
Cheers!!!