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Wave-Trader
Apr 26, 2016 4:11 PM

CAD almost hitting 6 years old downtrend  Short

Canadian Dollar/Swiss FrancFXCM

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waiting for price action on longer term downtrend line expecting short from this level

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ascending channel broken expecting correction then breakdown

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moving as was expected

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there is huge potential in this trade setup because it is forming bearish flag on daily time frame which shows bulls have lost momentum to the upside and huge wave down may come with impulsive move.

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here we got the pullback

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Complex correction forming

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price about to hit sell place keep watching for bearish wave

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Comments
fxfxfx
Trade active @0.739, let's go up!
fxfxfx
I am out for now, it is too close to the support line for my taste, I will wait and see if the channel breaks downwards or not.
Wave-Trader
sure mate good luck
Wave-Trader
keep close eye on oil if oil bounce the CAD pairs will too
fxfxfx
I am on it, thanks Wave! Following your updates...
itahirmasood
good
Jahid
Jahid
sommer1525
As always - good analyse, learning a lot following you.
Wave-Trader
Thanks
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