Great Short Opportunity (Break & Retest) CADCHF

11 Haz 2020

A great opportunity to short CADCHF to close the week.

I'm personally looking for a break and retest of my 4HR structure, before going short on CADCHF. To TP1, we're looking at a nice 73pip movement to the downside to settle at 0.69357. I would recommend taking this with a 25pip stop loss for a risk to reward ratio of 2.92.

I would then aim for it to break the structure settled around that area to head further down to the region of 0.68322 for a even better looking 102.6 pips. For this I would set my stop loss to 40pips, to clear some previous structure and allow some market movement whilst obtaining a 2.58 risk to reward ratio!

Please let me know your guys thoughts!

*Please note this is my own personal analysis, and I strongly recommend that you carry out your own analysis before executing a trade. Please do not take this analysis as gospel.*

11 Haz 2020

İşlem kapandı: hedefe ulaştı

We reached TP1! Congratulations to anyone who got in on the trade!