CADCHF - Traps on both sides
Price is going into accummulation phase that will soon reveal its intention.
2 orders we can put here:
1) to catch the South bound train early in the phase. This is the potentially the main route. It's going to be a long ride down so be ready to keep moving SL. Move SL to BE (break even) once it reaches 1:1 risk reward ratio.
2) to catch the North impulse. Price might still get a bit further to the North. This includes taking false breakouts.
2 orders we can put here:
1) to catch the South bound train early in the phase. This is the potentially the main route. It's going to be a long ride down so be ready to keep moving SL. Move SL to BE (break even) once it reaches 1:1 risk reward ratio.
2) to catch the North impulse. Price might still get a bit further to the North. This includes taking false breakouts.
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