Predicting CADCHF to go up higher
Based on the S&R level (based on my cat's experience seeing charts), it's going to go up. I'm targeting the next daily resistance area and this could go longer than 1-2 weeks. Looks like there's no clear trend, it's just consolidating at these levels.
Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and focusing on what I think it's going to work. On the chart, I plot 2 simple S&R area, identify the trend, then take trade of 1:2 RR with the trend, just set and forget. As simple as that.
However, here's my action next:
Note: The fact that my winnings have the similar chance of losings, I just need to make money a little over to be profitable.
Note: This week, I'm trying up again the simple S&R method, trying not to put too much things on chart, and focusing on what I think it's going to work. On the chart, I plot 2 simple S&R area, identify the trend, then take trade of 1:2 RR with the trend, just set and forget. As simple as that.
However, here's my action next:
- If it goes to 1:1 RR, I'll take partial profit, and then set BE (so it's risk-free trade, in fact, securing 1R in the pocket).
- I will not monitor losing trades.
Note: The fact that my winnings have the similar chance of losings, I just need to make money a little over to be profitable.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.