Tradingwithtamil

CADCHF: ON A POSSIBLE PULLBACK!-BEARISH.

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Tradingwithtamil Diupdate   
FX:CADCHF   Canadian Dollar/Swiss Franc
Hello all,

In the chart, signals nicely jump off from the support and entering into a possible pullback area.

But the price is not creating a trend reversal.

In a day time-frame, at 0.78523 the market got a pullback and reversed the trend to down.

After the pullback, it forms an impulse to keep the reversal process in a constant form.

Back to back impulse formation tends the flag formation as a correction (shown on the graph).

At present, chart printing the signals at 0.74853.

Henceforth, we have a probability for the pullback.

By the continues impulse formation, the pullback point may differ.

I am expecting a sharp impulse towards the top and it will break down and fall.

By its record, the fall may up-to 0.72967.

Or In case the signal continued as an impulse means, end our trade at 0.76478.

Happy trading.

SIGNAL SPECIFICATION:

Pair: CADCHF

Order: SELL

Pending Entry 1: 0.75327

Pending Entry 2: 0.75698

Take profit: 0.72967

Stop loss: 0.76478

Risk Vs Reward: 2.05
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Note: Please leave comments for any query.

Disclaimer: This is my trading experience, it is not an invite or recommendation to trade.

Best
Forextamil
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Trade aktif:
Market moving a predicted way 65 pips down good for CHF.

Time to stick with our plan.


Happy trading.
Trade aktif:
The price range got triggered.

Let see , where it going to hit TP or SL.


HAVE A CLOSE LOOK AND DECIDE YOUR TRADE.
Trading ditutup: stop tercapai

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