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Evaluation
My prediction finally succeeded,
the price has crossed the line ema62 h4, so the trend could be considered a trend up.
I plug another pending order.
Position For Order:
buy limit 1 @ 0.8573
buy limit 2 @ 0.8549
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
Image link:
http://i1123.photobucket.com/albums/...1116-03-58.png
no position is executed. we move onto the pending orders.
the trend is up, green marbles were on the line o.
relatively safe to open a position with the lot is rather large.
instan buy order @ 0.8758
buy limit 1 @ 0.8676
buy limit 2 @ 0.8635
Spoiler:
CadChf bullish trend can continue today, now current price at 0.7547 and strong support at level 0.7527 in hourly time frame. there is possible chance CadChf price will move to up side. then next high price is 0.7600
I suggest to entry buy with stoploss at 0.7510 and take profit at 0.7600
only this time I analyze these pairs. hopefully produce a profit. from what I saw, there was divergent.
trend in tf h4 d1 with opposite, I chose to follow the trend up in tf h4.
I try to open an instant position and one pending order.
Position For Order:
instan buy order @ 0.8467
buy limit 1 @ 0.8425
Money Management (MM):
Use multilevel lot. ...Lot Position 3 > lot position 2 > lot position 1.
Stop Loss and Target Propit up to you, but i like to cut loss and cut profits.
We start with a nice, clean, technical setup on the CAD/CHF. The price bounced from the 38,2% Fibonacci and broke the lower line of the bullish correction. That would be a great sell only if not the BoC later today. Movements after the decision and statement are impossible to predict, which makes this setup very risky at this moment
If a M15 close above 0.8200 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 0.8050 sell only and do not buy. If price closes back above it again do nothing
The range 0.8200 and 0.8050 is neutral area, any trade done in between is personal decision and not part of this analysis
CadChf bearish trend can continue today , now current price at 0.7539 and strong resistent at level 0.7560 in hourly time frame. there is possible chance CadChf price will move to down side. then next low price is 0.7500
I suggest to entry sell with stoploss at 0.7575 and take profit at 0.7500
CadChf bullish trend can continue today, now current price at 0.7547 and strong support at level 0.7527 in hourly time frame. there is possible chance CadChf price will move to up side. then next high price is 0.7600
I suggest to entry buy with stoploss at 0.7510 and take profit at 0.7600
I wanted to share a little about my daily life in the trade, this time about the pair Cad/Chf.
I Buy Stop from 0.9295
by SL: s2
do not forget to take profit at 0.9315
Tf :M30
Daily Info :
Support 1: 0.9306
Support 2: 0.9265
Support 3: 0.9236
pivot: 0.9335
Resistant 1: 0.9376
Resistant 2: 0.9405
Resistant 3: 0.9446
All analyzes were performed using the indicator I Stochastik, indicators that make me proper analysis.
https://indian-forex.com/attachment....82&cid=1&stc=1CAD/CHF wondering fall at the level of R2: @ 0.7606 . And trend price high closes at 0.7627 . Keep on falls over from those resistance levels that works well to earn good profits . Lets watch how those positions works .