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CAD/CHF H4 | Falling to 50.0% pullback support

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OANDA:CADCHF   CAD/CHF
CAD/CHF is falling towards a pullback support and could potentially bounce off this level to climb higher.

Buy entry is at 0.66845 which is a pullback support that aligns with the 50.0% Fibonacci retracement level.

Stop loss is at 0.66757 which is a level that aligns with the 61.8% Fibonacci retracement level.

Take profit 1 is at 0.66934 which is a pullback resistance that aligns close to the 38.2% Fibonacci retracement level. Risk/Reward Ratio: 1 : 1.01

Take profit 2 is at 0.67044 which is a pullback resistance that aligns close to the 23.6% Fibonacci retracement level. Risk/Reward Ratio: 1 : 2.26

Total risk 1.2%

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Trading Forex/CFDs on margin carries a high level of risk and may not be suitable for all investors. Leverage can work against you.
Emir iptal:
Trade canceled. Price retraced to Stop Loss before Sell Entry hit.
Feragatname

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