aceofswords
Short

CADCHF > Nice SHORT HOLD Over Christmas & New Year

FX:CADCHF   Canadian Dollar/Swiss Franc
230 0 1
A MAJOR 12+ year old trendline lies below a diagonal trendline that began on 12th Jan 2015. Both are likely to be tested in the coming days and weeks. This trade makes for an ideal short and hold over the holidays. I will also be observing CADCHF             Price action on lower time frames, to identify high probability downside trades, and looking out for a pullback off the 12th jan trendline as an exit and wait, or exit and short term trades or scalps to the upside. overall the outlook is solidly bearish .
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