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ForecastCity
May 28, 2020 8:43 PM

Don't miss the great sell opportunity in CADCHFΒ Short

Canadian Dollar/Swiss FrancFXCM

Description

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Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.703). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
.The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.

Take Profits:
TP1= @ 0.6968
TP2= @ 0.6916
TP3= @ 0.6800

SL: Break Above R2
Comments
Kristalyn
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Thank you for your insight.
ForecastCity
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@Kristalyn, You're welcome. πŸŒΈπŸ™πŸŒΈ
Kamryn
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Nice idea
ForecastCity
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@Kamryn, Thanks for your comment. πŸ‘
fxniki
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You're so great. really. I was a bit late for this one. :(
ForecastCity
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@fxniki, Next time πŸ‘
Forecast_Crypto
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Great analysis buddy
ForecastCity
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@Forecast_Crypto, Thanks. we hope you enjoy it.
Pro_Trader_007
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thanks for your ideas
ForecastCity
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@Pro_Trader_007, You're welcome. πŸ™
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