traderWgun
Long

A reversal on the card?

FX:CADCHF   Canadian Dollar/Swiss Franc
121 4 1
This is a follow up for this idea:
A recovery or a reversal?

We only got a recovery last time out,
let's see if we get a reversal this time.
Stops should be placed below .7770.

Follow all my demo trades at http://www.myfxbook.com/members/tlkemmy/demo/854232
Good luck!
snapshot
morning star on weekly but ...
snapshot
a shooting star on the daily. Could pullback another 100 pips to set ut and inverted head and shoulders
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A deeper correction seems to be in the offing. Probably upwards to .88 area. That's where I will be looking to go short one last time.
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traderWgun ForceFollower
Yes, strong res in that area. A reversal of this magnitude isn't going to be straight foward.
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ForceFollower traderWgun
I'm sorry, I made a typo. :-) Your comment about the 'magnitude' made me realize this. :-) What I meant was the '0.80' level. Actually, a range between 0.8000 and 0.8012.
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