FX:CADCHF   Canadian Dollar/Swiss Franc
Reasons for

-Firstly as we can see on higher time frames we are down trending
-We have come to our key level at 0.75000 and shown a strong level of RES numerous times
-Also our Fibonacci Lines up perfectly with our key level which price has reacted to at 61.8% level
-Now the retrace is over we can look to go short !
-Also We are in a corrective structure ! selling the break of the channel would be the best thing to do if you want to be conservative !
-Also the overall look of price action in this area is very bearish

If we go to the daily we have been in a area of congestion at 0.7500 which gives me we are ready for the last impulse to the down side

Trade with care with guys
1-2% Risk :)
By higher time frames u mean above 240? Cause on the 240 it broke structure early Feb to the upside. Now that its put in a new higher high on 10th the retracement that you're looking at right now should be looking to put in a higher Low...
Sorry man..maybe im totally just basing it on the time frames. Maybe it's bearish on the 60min or 15min...on the 240 it seems to be moving in a bullish direction...for now
lets see how this one plays out looks good
+1 Reply
You make Forex LOOk so easy man
i cant wait till i have the capital to learn from you

anyways for now ill take all i can from you tHanks :)
+1 Reply
Nice chart as always
are you entering right away or a break ?
+1 Reply
Thankyou i will wait for the break nice wave :)
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