LDForex_

CADCHF- Ascending channel

Long
LDForex_ Mis à jour   
FX:CADCHF   Canadian Dollar/Swiss Franc
Technical Analysis:
-From the 4 Hour and 1 Hour chart show strong bullish momentum.
-Price has been trading in the ascending channel since 27th April.
-We should look for a long entry on the retracement of the liquidity zone
-According to the algorithm I use, price could shoot up to 0.59% and tomorrow with a 0.75% gain to the upside.
-This is a good indication to enter long for this position.

Fundamental Analysis:
- There are are no high impact news for today which will affect the pair.
- However there is a major impact tomorrow on the Cad as they are announcing their GDP Reports at 1:30.
- I would advise to not trade around these times as price will be very volatile.

Sentiment Analysis:
- According to market sentiment, 83% of retail traders are short on this pair.
- Normally I would go against the retail traders as 90% of them lose their capital.
- Asset managers/industrials and Leveraged funds are all placing long positions for this pair.
Lets see how this trade plans out!
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Transaction en cours
Trade fermée: cible de profit atteinte
Clause de non-responsabilité

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