geckotrade

CADCHF Trend Continuation Short

Short
geckotrade Updated   
FOREXCOM:CADCHF   Canadian Dollar / Swiss Franc
Looking at a continuation of the downward move here. Price is approaching a significant level of structure where support becomes resistance. This level also lines up with a 78.6% FIbonacci retracement. RSI is is oversold. I'll be waiting for a valid entry reason. Stops at the 113% and targets retesting structure lows!
Trade active
Trade closed: stop reached
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.