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
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Stop loss at break even as continuation of the downtrend becomes more likely
Comments
abail
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still valid in your opinion?
nl88
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Does it mean its more likely to head down rather than up ?