CADCHF Testing Support, Prepare For A Bounce
Buy above 0.7394.
Stop loss at 0.7338.
Take profit at 0.7484.
Reason for the trading strategy (technically):
CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.
Stop loss at 0.7338.
Take profit at 0.7484.
Reason for the trading strategy (technically):
CADCHF is approaching its support at 0.7394 (61.8% Fibonacci extension, 76.4% Fibonacci retracement, horizontal swing low support) where price is expected to bounce up to its resistance at 0.7484 (38.2% Fibonacci retracement, horizontal pullback resistance).
Stochastic (89, 5, 3) is testing its support at 2.6% where a corresponding bounce is expected.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.