CADCHF to retake the SHORT trend? Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ Jan 26, 2017 1:04 PM

CADCHF during the night was hammering on a Fibonacci Resistance and bouncing between Fibonacci Clusters and the Indicators were showing Divergence.

Decided to go for a Swing trade and Compound ~0.7662
SL just above the resistance

Fibonacci levels did their job properly this time
:)

Let's see if the pair continues its rally short

Trade closed: target reached

⋅ Jan 26, 2017 1:09 PM

When market opened the price was fast to hit the Targets...
TP_1 ~0.7625
TP_2 ~0.7606