ENTER LONG: CADCHF @ 0.6902
Looking at the weekly chart, The RSI has crossed back up, and there is bullish engulfing on the previous candle.
On the 4 hour chart, the RSI is almost at 30...this shows me that there is very little more leg to the downside, so I have drawn a more inside trend line......
As a result, I have entered a long trade with a stop loss of 300 pips.....and a potential profit of 200 pips ( note ...I don't follow the risk/reward ration norm....infact I do the opposite)
I will be holding this trade for a few weeks
Trade at your own risk
enjoy.
Looking at the weekly chart, The RSI has crossed back up, and there is bullish engulfing on the previous candle.
On the 4 hour chart, the RSI is almost at 30...this shows me that there is very little more leg to the downside, so I have drawn a more inside trend line......
As a result, I have entered a long trade with a stop loss of 300 pips.....and a potential profit of 200 pips ( note ...I don't follow the risk/reward ration norm....infact I do the opposite)
I will be holding this trade for a few weeks
Trade at your own risk
enjoy.
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.
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.