Read more about this trade and many others on my personal trading blog. We’re seeing confluence of a 50% Fibonacci retracement level, a 50 simple moving average, and a support level on CADCHF. Three signs gives me the confidence I need to put on a trade, so I’m going long CADCHF. The chart below illustrates my entry, stop, and target profit. The dashed orange line represents at what level I will move my stop to breakeven. This image has been resized. Click this bar to view the full image. The original image is sized 1184×706.