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Short

Looking to short cadchf

FX:CADCHF   Canadian Dollar/Swiss Franc
227 0 7
2 months ago
Hello have a potential short coming up on cadchf             . Looking to short from the top of the descending channel where we also have a possible hormnic pattern completion.. Need to fulfill a number of things before a short can be considered which are mentioned on the charts below
snapshot
If the price breaks the flat ABC and breaks the C leg of the harmonic pattern then the pattern will be invalid
snapshot
This is the kind of formation we are expecting. If it doesn't fulfill all of our pre-requisites we shall not enter.
snapshot
Also need to keep the bigger structure in mind.
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Target is bottom of the channel which is also a 1.27 extension of the harmonic pattern .
Subscribe to get instant updates on the setup and no positions shall be places untill and unless all the requirements are fulfilled
Cheers

2 months ago
Comment: Wait for 1st impulse and correction before entry
2 months ago
Comment:
snapshot

There you go guys. Breaking the channel, wait for correction in the form of a continuation pattern and short like theres no tomorrow. Will keep you posted when i enter
2 months ago
Trade active:
snapshot
a month ago
Comment: Perfect setup guys
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