Get started
looneytrader

CADCHF Short on Daily

Short
CAD/CHF (OANDA:CADCHF)  
looneytrader  
OANDA:CADCHF   CAD/CHF
Support and Resistance Fibonacci Trend Lines cadchfshort
3
0
supportandresistance fibonacci trendline cadchfshort
Multiple rejections from the 0.75689 resistance level which is also the 50% retracement of the breakout (0.77400) level. Price also rejecting from downtrend line so I can see strong confluence in this area.

Pending sell order @ 0.75484
SL: 0.76092 (61 pips)
TP: 0.75254 (123 pips)
RR 2:1
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.