Canadian Dollar/Swiss FrancViés de alta
CADCHF, 4hr tf, buy elliott wave 5th wave
Hello my friends,
Another setup for today is CADCHF pairs.
As you can see price currently moving to the upside and retracing lower a little bit.
We could try assuming this movement as an Elliott Wave movement and price just finished wave-3.
This downward movement is wave-4.
To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair.
Protective stop loss will be slightly below wave-1 area.
I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it.
The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948.
Buy limit CADCHF 0.6948
Stop loss 0.6935
Take profit 0.7000 (4R)
RR Ratio 1 : 4
Use only 1-2% risk
Good luck
Another setup for today is CADCHF pairs.
As you can see price currently moving to the upside and retracing lower a little bit.
We could try assuming this movement as an Elliott Wave movement and price just finished wave-3.
This downward movement is wave-4.
To have the best trade setup it is better to buy around 0.6950-6948 which will yield 3.5R - 4R trade setup depending on the price you get this pair.
Protective stop loss will be slightly below wave-1 area.
I am setting buy limit for this because it might hit our order while i was away and that 0.6948 might only appear for a short time so we don't want to miss it.
The reason why i think it will only appear for a short time because there is a horizontal support level at 0.6950-6948.
Buy limit CADCHF 0.6948
Stop loss 0.6935
Take profit 0.7000 (4R)
RR Ratio 1 : 4
Use only 1-2% risk
Good luck
Aviso legal
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