Could CAD finally run away?
We saw CADCHF sideways range for quite some time between 0.7360 and 0.7500 on the H4 timeframe, then buyers finally stepped in, and it rallied to 0.7620
As expected, the market pulled back into the former range resistance, now support, at 0.7500, and stalled there before dipping and finding liquidity as buyers stepped in once again.
We are starting to see buyers finding a base at the 0.7500 support and IF this continues to hold then CADCHF could make a run towards 0.7620 highs.
Prudent stops would be under the last swing low around 0.7470 based on market structure.
As expected, the market pulled back into the former range resistance, now support, at 0.7500, and stalled there before dipping and finding liquidity as buyers stepped in once again.
We are starting to see buyers finding a base at the 0.7500 support and IF this continues to hold then CADCHF could make a run towards 0.7620 highs.
Prudent stops would be under the last swing low around 0.7470 based on market structure.
Trade fermée: cible de profit atteinte
We saw CADCHF extend its run and reach the target area, closing out the trade
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
Global risk Warning CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading in CFDs. You should consider whether you understand how CFD
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.