AshrafAliFX

CADCHF long position after break of LH

Long
OANDA:CADCHF   CAD/CHF
Trade Plan for CAD/CHF - Seizing Bullish Divergence:

Trade Objective: To capitalize on the bullish divergence in CAD/CHF with a lower high (LH) breakout for an upward push to new highs.

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Analysis: CAD/CHF, H1 charts, bullish divergence in a consolidating market.

Entry: Enter on the candlestick close following LH breakout.

Risk Management: Set stop loss below the recent low, risk no more than 1-2% of your capital.

Execution: Set take profit using technical analysis tools or resistance levels.

Monitoring: Continuously track and consider adjusting the stop loss.

Exit: Exit at the take profit level or if a trend reversal occurs.

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Trade wisely, manage risk, and stay informed for successful trading.

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