CAD/CHF: bullish envolving pattern
I this update as I do in the comment box in CAD/CHF where I was shorting. My bearish movement was a good expectative, but price action show us a bullish envolving pattern that you must to be carefully, because in that point we're in the market reversal.
Also, I want to share in H4 that we're in the bearish channel, and also we forming like a descending line that in any moment as we see a bullish signal, we could to break-up this market structure in this par, and this it's look very interesting to trade in long position.
This it's the descending line that we could to see better in this zoom up.
So, at the moment, I'm in long position from this morning that I update my position in the comment box in CAD/CHF where I was shorting very good and at least I get 2.60% in profit in this trade with 27 pips in profit. But not bad, but I see that CAD can to strength now.
Technically, we see 2 point to be pending in $0.7558 CHF and $0.7390 CHF. My Stop Loss it's around $0.7269 CHF and take profit until $0.7390 CHF.
Good luck!!!
Also, I want to share in H4 that we're in the bearish channel, and also we forming like a descending line that in any moment as we see a bullish signal, we could to break-up this market structure in this par, and this it's look very interesting to trade in long position.
This it's the descending line that we could to see better in this zoom up.
So, at the moment, I'm in long position from this morning that I update my position in the comment box in CAD/CHF where I was shorting very good and at least I get 2.60% in profit in this trade with 27 pips in profit. But not bad, but I see that CAD can to strength now.
Technically, we see 2 point to be pending in $0.7558 CHF and $0.7390 CHF. My Stop Loss it's around $0.7269 CHF and take profit until $0.7390 CHF.
Good luck!!!
