I have found a nice trade that I have executed today on Cad/Chf

I found a good trade to take when I was looking through the charts
Cad/Chf has a excellent buy setup, and looks like a trade to take

I am in 4.2 mil. long, and I will tell you why:

on the daily chart a wedge pattern has been broken to the upside
while daily trendline acts as a support below it - SL is below that trendline, which is only about 30 pips
Also we see a bullish divergence in the Stochastic indicator, which is a indicator of a higher move after the breakout
With the tight SL and a potential large move up this is a good opportunity for a long position

Here is a snapshot of the chart:



















Gl all
Translate to English Show original

Since you are not logged in, we don't know your spoken language, but assume it is English
Please, sign in or choose another language to translate from the list.

– or –