CADCHF Long Trade Setup

2020-01-16 16:38:32

Hello Traders

My main forecast is an up impulse for the completion of the running flat between the green lines but it can go much further. That's why I'm looking at long trade setups. Inside the blue C, we have too many divergences and it bounced back from the Fib confluence level of 0.272 extensions of previous down impulses. As you can see, the reaction was pretty strong, it's making a correction, and the downtrend was broken. That's why I placed a pending order above the top with SL below the bottom.

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Trade with care.
Bulent