Here we go again...
Another buy opportunity and this time on CADCHF.
Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again.
I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish divergence. This would be a good opportunity to buy.
Both stoploss and take profit have been marked.
RR = 1:2
Capital risked - 1%
Another buy opportunity and this time on CADCHF.
Daily time frame analysis shows this pair having strong bullish momentum. Price has reached a strong resistance zone where we may potentially see price retrace before moving bullish again.
I will be looking for price to retrace bearish to the 50% Fibonacci level whilst creating bullish divergence. This would be a good opportunity to buy.
Both stoploss and take profit have been marked.
RR = 1:2
Capital risked - 1%
