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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