ForceFollower
Short

CADCHF A Bearish Switchback?

FX:CADCHF   Canadian Dollar/Swiss Franc
103 4 1
If the current switchback resistance holds, price bounces off the up fork and breaks down the grey trend line , then another leg down may develop. We'll see.

Currently the CAD is at its strongest relative to the recent past performace, whereas the CHF is in a strengthening trend, currently making a dip, but possibly soon going to recover and strengthen even more.
ForceFollower
3 years ago
I closed this position at 0.80712. I'm fine getting out at the bottom of the range. Maybe it's got further downward potential, but I've been fooled about this 'potential' here so many times that I'm done chasing it. :-) However, nothing wrong with trailing a stop, if you are still short.
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itaskar
3 years ago
perfect :)
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ForceFollower itaskar
3 years ago
Thanks. I've been stalking it for weeks... :-)
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ForceFollower
3 years ago
It may be about just time to start stalking a new short entry. Looking to exit at the LL.
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