BoonHooi

CADCHF Short Opportunity

Short
BoonHooi Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
Do note that this pair has completed a bearish deep Gartley pattern. See relate link below from Terry. However, there is a chance that price will test the PRZ once more before the big drop.

M15 Crab pattern completing at 0.7717

I am already in a short at 0.7692 with stops at 0.7742 (50pips)
Trade active:
Take note that CAD news coming up in 15mins time.
Anyways, stops are in place. This news will just be a catalyst to move this pair
Trade active:
The pair retested the H4 Deep Gartley PRZ and even completed this bearish M15 Crab pattern before it dropped.
Trade active:
I took another short at the completion of the bearish M15 Carb pattern.

Now just shifted the stop loss to break even for both trades.
Trade closed manually:
Took off some profits (+40pips) on this. There is a smaller bat pattern terminating at 0.7710. Will post this again if I re-enter the trade
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.