CADCHF long trade scenario

15 May 2020

Scenario:

• Resistance Area breakout
  
• Wait for the price to bounce off from the resistance area which become support area
  
• Wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc
  
• Then initiate BUY order
  

/!\ **Disclaimer**/!\
The scenarios described in this analysis are subject to change at any time without prior notification. This analysis is provided as a decision support.

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15 May 2020

Not

Sell Scenario Can also be foreseen :

• Resistance Area breakout Failed [Done.]
  
• wait for the price to be rejected from the resistance area [Done.]
  
• wait for the rejection candle pattern to form e.g. bullish engulfing , pinbar , etc [Done.]
  
• Initiate SELL Order with a small position
  
• Strengthen SELL position onces the neck line is broken [shoulder head shoulder Pattern]
  

15 May 2020

İşlem aktif

Sell Scenario confirmed. Small position taken, a larger position will follow after breaking the neck line.