Markets to make some recovery - Buying CADCHF now

19 May 2022

Last night was a bloodbath for stock as predicted but there is an opportunity to buy CADCHF and other risk on currencies. The reason I chose this was:

1) Daily is UP
2) Oil is strong so therefore so is CAD
3) Strong divergence in M15, M30 and H1

Stop Loss is about 40 pips.

19 May 2022

İşlem kapandı: durdurma seviyesi

Trade stopped out sadly. The bears are in control.

19/05/22 DEAL CAD/CHF Mini converted at 1.42272560042202 SD SD-72.13

Funds: SD11,123.28

20 May 2022

İşlem aktif

Entered the trade again on 20th May 2022.

H4 is completely oversold.
There is a yesterday's low.
RSI divergence on H1, M30 and M15

20 May 2022

Not

There is a shark pattern at Point C now.

The target to sell would be 0.7685 which is about 100 pips away.

23 May 2022

İşlem elle kapatılmış

Took the money out when M15 reached OB.

20/05/22 DEAL CAD/CHF Mini converted at 1.40947710455761 SD SD13.04

Funds: SD11,095.00