rludvik

CADCHF - one more leg down

Short
rludvik Updated   
FOREXCOM:CADCHF   Canadian Dollar / Swiss Franc
Let's see if red zone will be hit. This would be perfect level for shorts. It may also spike higher, but let's give it time and act accordingly. Daily line chart below shows nice drop and pullback in progress. Targets are previous low and -0.5 to -0.618 area, corresponding to pre-previous lows level.
On Wednesday afternoon (CEST) CAD data will be out, we'll see where it will park until then and where it will continue.

Daily line chart:

Disclaimer: this idea is solely for my own purposes, to satisfy the ego, if it will work out ;)
Comment:
Waiting to visit 0.7030 area or breakdown through 0.7000 and short it.
Trade active:
Shorted.
Comment:
Added more at 0.7025. And now let's ride.
Comment:
Still running, have more faith in it because of not completed abcde and low below D:

Comment:
1/2 closed with 40 pips profit.
Trade closed manually:
Also the other half closed.
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