FXtrades-gp

CADCHF (Daily): LONG OPPORTUNITY on the ASCENDING CHANNEL!

Lång
FX:CADCHF   Canadian Dollar/Swiss Franc
Hi traders and welcome to my channel, if you enjoy my FREE Technical Analysis, support the idea with a big LIKE👍 and don't forget to SUBSCRIBE my channel, you won't miss anything!

Since August 2020, the price has been following a clear uptrend, bouncing many times on the channel's dynamic support.
The price just reached the dynamic trendline resistance and the price action around this zone will be helpful to understand the next market's movement.
IF THE PRICE WILL BREAK the dynamic resistance, you might consider the following trade details on the pullback:
(This is a daily chart trade and you could get many days before getting the suggested target).

ENTRY POINT: 0.69262
TAKE PROFIT: 0.70878
STOP LOSS: 0.68543
RISK/REWARD RATIO: 2.25


Stay tuned for updates!
What's your opinion? Share your idea writing a comment!

Trade Safe and Responsibly
Gianni
Frånsägelse av ansvar

Informationen och publikationerna är inte avsedda att vara, och utgör inte heller finansiella, investerings-, handels- eller andra typer av råd eller rekommendationer som tillhandahålls eller stöds av TradingView. Läs mer i Användarvillkoren.