eirik.kaasa

Buy-orders stacking up, expecting bigger pullback

Short
FX_IDC:CADCHF   CANADIAN DOLLAR / SWISS FRANC
6
I'm trying out position-trading. I am used to SD-trading, so position-trading/trend-following is new to me. I use long term trend, last years high/low, and reading price action to analyse the market. Here, I see a well established downtrend with alternating profit-taking and buy-ups before new selling. Buy-orders are currently building up. Still short bias, but potential longs on the way up to new selling at/near previous resistance. If not comfortable buying the pullback, wait to break 2015-support.
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.