CADCHF Broken Trend Support and 4H Divergence Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ Apr 26, 2016 1:25 PM

CADCHF just broke its trend support at my 23.6% Fib resistance while showing divergence on 4H RSI.

I'm using a sell stop order as shown to take this pair short down to near the channel support (lime green line).

Overall R:R 3.55