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costalui
Mar 23, 2020 9:05 PM

CAD-CHF Short

Canadian Dollar/Swiss FrancFXCM

Description

Weekly Structure - Downtrend

Daily Structure - Downtrend

On 1 hour Time Frame we can see there was a false breakout from the descending trendline (green line) and the price has reverted and created a head and shoulders pattern. Neckline of the H&S has been broken and is now being tested. The price could drop until 0.66100/0.66000 (strong level of support).

TP1 - 0.67500
TP2 - 0.67000
TP3 - 0.66100
SL - 0.68330

R/R - 4.5

Good Luck!!!

Comment

You can move stop loss to break even point.

Comment

Trade Closed at break event. Markets to volatile right now, however I think trade is still good and will reach the target.
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