HiTech
Long

CADCHF GROWTH WITHININ THE CONSOLIDATION

FX:CADCHF   Canadian Dollar/Swiss Franc
169 3 6
CADCHF             broke above 38.2% Fibs but at the same time failed to test 50% retracement level. Currently the lower trendline of the ascending channel has been rejected signalling on a potential move up to test the 0.7800 resistance level .
Trade active: Stop loss at break even as continuation of the downtrend becomes more likely
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still valid in your opinion?
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Does it mean its more likely to head down rather than up ?
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exactly, this is the reason for EURCAD trade
EURCAD AGGRESSIVE BUY
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