Ambipath
Short

CADCHF ABCD Pattern On 4H

FX:CADCHF   Canadian Dollar/Swiss Franc
FX:CADCHF            

This pattern is a potential confirmation to the previous bearish analysis(see in the related ideas). There is still a good chance that price action will remain within the established daily bullish channel and the ABCD pattern itself is not a definitive signal of further bearish movement. The risk of this trade is fairly high so I am putting a tight stop loss on it in case we see further movement up.
Trade closed: stop reached: Doesn't want to go down just yet.

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