CADCHF, 4hr tf, bullish flag pattern to materialize
Hello my friends,
I wanna share one of the trade i took today when i was away.
I spotted a good setup on CADCHF as there is a bullish flag pattern breakout.
What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power.
This is a proof that buyers now in control of CADCHF and we could see price continue to rise.
I took this trade when it retrace to test 0.6950 and now in floatng profit.
I think it is not to late to enter so feel free to enter with your own risk management.
The nearest resistance is 0.7000 so we will take partial profit when price hit this value.
Buy CADCHF 0.6950
Stop loss 0.6920
Take profit 0.7040 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I bought CADCHF from 0.6950
I wanna share one of the trade i took today when i was away.
I spotted a good setup on CADCHF as there is a bullish flag pattern breakout.
What make me confidence to take this trade is that the resistance of bullish flag pattern was align with descending trendline which means price push through this confluences of lines with a big power.
This is a proof that buyers now in control of CADCHF and we could see price continue to rise.
I took this trade when it retrace to test 0.6950 and now in floatng profit.
I think it is not to late to enter so feel free to enter with your own risk management.
The nearest resistance is 0.7000 so we will take partial profit when price hit this value.
Buy CADCHF 0.6950
Stop loss 0.6920
Take profit 0.7040 (3R)
RR Ratio 1 : 3
Use only 1-2% risk
Good luck
Disclaimer : I bought CADCHF from 0.6950
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.