Short CADCHF
1. RSI bearish exit
2. Price testing channel resistance
3. Major resistance at 0.74660: Fibonacci retracement (50%), horizontal resistance overlap, descending resistance line
4. Stop loss at 0.74856 (61.8% Fibonacci retracement, horizontal resistance overlap), Sell Entry at 0.74638 (50% Fibonacci retracement, horizontal resistance overlap), Take Profit at 0.74207 (61.8% Fibonacci retracement, horizontal support overlap)
2. Price testing channel resistance
3. Major resistance at 0.74660: Fibonacci retracement (50%), horizontal resistance overlap, descending resistance line
4. Stop loss at 0.74856 (61.8% Fibonacci retracement, horizontal resistance overlap), Sell Entry at 0.74638 (50% Fibonacci retracement, horizontal resistance overlap), Take Profit at 0.74207 (61.8% Fibonacci retracement, horizontal support overlap)
Catatan
Profit Target reachedTrading ditutup: target tercapai
Descending resistance line (channel formation in this case), horizontal resistance overlap, 50% Fibonacci retracement level - these 3 makes it a strong major resistance and hence a good entry for a short positionCatatan
43 pips, 1:2 risk reward ratio
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.