Envious_

CADCHF Sell Idea

Short
OANDA:CADCHF   CAD/CHF
CADCHF is currently moving in a range with the RSI being at 50, bullish pressure is coming in fairly strongly and there is still some selling pressure. My prediction is that due to the heads and shoulders created not only the graph but on the RSI indicator too, the price of CADCHF will begin falling into a downtrend in the near future. Price will either break this support and retest it for selling confirmation or it will reverse of the support, break the trendline and consolidate at the next resistance level to then eventually drop back to the support. I am going to watch this pair and see how it plays out before entering. Just an idea, good luck people and stay patient!

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