The Story of The Generous CADCHF!

Good evening ladies and genltemen

First of all apologies for no updates for about a week now. I have had technical issues loading up images but have managed to sort it out so normal updating can hopefully now be resumed without any more hassles!!

The weather here in London was pretty amazing and helped us to ease back into regular lives after being spolit with our 4 day weekend. I am sure like me you all managed to pack away a little more chocolate in the form of eggs than usual but that's what the Easter weekend is all bout. My mentor will argue that everyday is Easter as said by a true chocoholic!

So for the next set of updates I thought I would follow a chart that was on my watch list but one I did not take as I was at my maximum risk exposure. However, after today's action I am risk free on some trades and am now looking to open up new positions as they arise. Below is the daily chart and we can some solid bullish strength in the market over the last two days. I would have been triggered into this trade yesterday at 1.0552 and would now find myself in profit of around 140 pips. With today's action I would have been around 50 pips away from being able to move my stop to break even but that's life and I was disciplined to stick to the maximum exposure in my Trading Plan. Additionally, today's bar has actually broken through a strong S/R line as well so for those who missed this initial set up, a little patience will be rewarded with another set up assuming the market continues in it's bullish ways!

The market has been moving upwards in a fairly regular fashions since breaking through the VI. It initially found some resistance around the strong RN but eventually broke through. The recent consolidation period has yielded a huge break out which generally suggests further movement in the break out direction, in this case long. I am now waiting for a pullback and another break out before applying the ESLT to maximum effect. Looking at the indicators, the VI is heading up and Stochastics is also looking good! I will leave you to look at the rest!

As always please do your own analysis.

The quote for the day is "Opportunity does not knock only once; it knocks every single moment of every single day for every single one of us!" Spot on!!!

Total Abundance is our Birth Right!

Zaheer Anwari