Back to all Ideas

Potential CADCHF Short

by Edgar A, February 4, 2021

CAD/CHF H4 Technical Analysis

by Edgar Afundi February 4, 2021

0
Share

CAD/CHF

|

Short

|

H4

Timeframe:

H4

Analysis Method:

Technical Analysis

Analysis:

Price has reached supply zone on the 4HR chart. Look out for confirmation bias rejection of the 0.7070 to 0.7030 zone for potential shorts upto the 0.6900 handle. This trade provides the potential for a 1:3 risk reward upto a 1:4 on a tighter risk reward

Trade Plan:

Short below 0.7030 with take profit at the 0.6900 level

Risk Management:

1:3 Risk reward tight stops abobe the 0.7060 habdle

LEAVE YOUR COMMENT HERE:

View previous comments

DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

WE FUND FOREX TRADERS!

The5%ers let you trade the company’s capital, You get to take 50% of the profit, we cover the losses. Get your trading evaluated and become a Forex funded account trader.

Get Your Forex Funded Trading Account

Your message is underway!

You will be hearing from us shortly