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ForecastCity
Nov 13, 2019 2:10 PM

Don't miss the great sell opportunity in CADCHF Short

Canadian Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7488). 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.
. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
. The RSI is at 35.

Take Profits:
TP1= @ 0.74300
TP2= @ 0.73800
TP3= @ 0.72700

SL: Break Above R2
Comments
Best_Forecast
Keep This on my Radar This Week, Thanks a lot!
ForecastCity
@Alexander_007, You're welcome. We wish you all the bests.
fxniki
It was a great sell opportunity in CADCHF. And I am so happy not missing it.
ForecastCity
@fxniki, Thank you. We are so happy for you.
Pro_Trader_007
Nice analysis as usual
ForecastCity
@Pro_Trader_007, Thank you.
Forecast_Crypto
Love the clean analysis, very nice!
ForecastCity
@Forecast_Crypto, Thanks for your nice comment on this post.
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