CADCHF Possibilities

FX:CADCHF   Canadian Dollar/Swiss Franc
240 2 15
I'm positioned to catch a CADCHF             bearish break downward via a Sell Stop order as shown since it broke out of it's bullish channel .

The pair does still have potential to move upward, if it does I'll be watching the 6-year old trend resistance (Red Line) to knock the pair back downward for an even larger short than the one shown.

Will update this published idea if this trade is entered or will publish a new chart for the positioning to short from the long term trend resistance depending on which way the pair goes.

R:R of current positioning: 4.64
Trade active
Comment: Moved SL to .74738 due to approaching EU Referendum vote. Will trail relatively tightly.
Trade closed manually: In profit SL hit.
well done :)
Good one with u :)
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out