aceofswords
Short

SHORT CAD/CHF we could be seeing the start of a reversal ;0)

FX:CADCHF   Canadian Dollar/Swiss Franc
79 0 1
Short from current level, or after a 'possible' attempt to retest 0.84! The the 'uninterrupted' drop /fall back below 0.8400, suggests some continuation of downside momentum, but just how far will price make it through the 'jungle of noise', between the support level at 0.83586 and trend line?
If it does, I can see 0.382fib being tested. Either way, I'm sure the market will be tempted to test the T/L
A good spot for TP 1 would be at 0.83586, where I would expect to see some kind of 'bounce', but I believe the real volatility will come on/as we approach the high impact CAD data released
on Monday afternoon
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