Technician
Short

CADCHF: Multiple Bearish Breakout

FX:CADCHF   Canadian Dollar/Swiss Franc
1216 12 11
Update: Stopped out = -85x2= -170
Update: Trade is ACTIVE
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- Rising channel was taken
- Key Horizontal Support around 0.8400 was taken
-50 days SMA was taken
-Retested that broken support area , and failed.
-Rejection pin bars

Trade Safe, and Best of Luck , join me at https://twitter.com/thefxchannel
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My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
5. Note that If 90 percent of first target is reached without triggering entry, trade is cancelled
6. Remember: Losing is a main part of the game
My trading ideas channel https://telegram.me/technician_forex_trades

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Skype: Technician - The forex channel
thanks
+1 Reply
Are you looking for a retest
Reply
Added to my short a few hours ago
Reply
Trade is active but the market is seem like against us. What is ur opinion about this trend? tq
Reply
Technician TOP VelsonChew
i am in the trade now, keeping my stop loss intact
Reply
Update: Trade is ACTIVE
Reply
Pepolape Technician
Stop is practically here now
Reply
the trade is close due to market had hits SL. -177 USD. T.T
+1 Reply
Stopped out = -85x2= -170
Reply
Pepolape Technician
Hi Technician, I have also lost in this operation, but no problem. What do you think about EURUSD right now?
Reply
I think its bearish to sideways for now... But no trade for me
+1 Reply
Looks ready for a reversal from this longer term chart as price is hovering below the channel break... lots of whipsaw though...
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