KatlehoMaleka

CADCHF. Short opportunity.

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
Another good setup we have here. Price broke an ascending trend line, indicating a change of trend. Price proceeded to retest the trend line and it found resistance. We also have a potential Head and Shoulders, with the right shoulder getting rejected at the 61.8 fib, with a double top. Despite the results that will come, this is a good trade. win or loss.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.