CAD/CHF What Will Happen???
Looking at the chart, price is going to go one of 2 ways. (Obviously!!)
We can see that there is a nice little resistance zone around the 38.2% Fibonacci level, if price gets rejected, again, we can expect a a move down, but by how much? Well I don't actually know as the markets have been moving mad over the last few weeks!
If the price manages to break through the resistance zone, then we could possibly reach a dizzy height, around the 78.6% Fibonacci level.
As we always do at Elevation, If we get a long trade confirmed, we will set take profits at each of the Fibonacci levels, if we get a short on the other hand, I think the sensible option would be a mechanical stop loss, see how the trade plays out and possibly change the stop loss to a trailing stop.
We can see that there is a nice little resistance zone around the 38.2% Fibonacci level, if price gets rejected, again, we can expect a a move down, but by how much? Well I don't actually know as the markets have been moving mad over the last few weeks!
If the price manages to break through the resistance zone, then we could possibly reach a dizzy height, around the 78.6% Fibonacci level.
As we always do at Elevation, If we get a long trade confirmed, we will set take profits at each of the Fibonacci levels, if we get a short on the other hand, I think the sensible option would be a mechanical stop loss, see how the trade plays out and possibly change the stop loss to a trailing stop.
עסקה פעילה
With a strong bounce from the resistance zone, I have entered a short position with a mechanical stop loss, I'm looking to ride this trade until my MACD gives me a exit indication.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.