On a daily time frame we have a very good sell opportunity on CADCHF which can yield over 500pips
CADCHF approached a significant resistance on a daily time frame and has been confirmed with a good reversal candlesticks(Bearish railway track) a sell order with relatively good money management can be activated
But this should be considered as a long term trade as lots of swings should be expected
My first expected take profit has been placed at 0.74940,
Second expected take profit has been placed at 0.73100
And my SL is at 0.79080 keeping my Risk to Reward Ratio above 1:3
Use good money management and keep your equity protected this are potential great analysis to yield good money .that's what price action is all about.
