Shenell17

A Trend Continuation Trade On CADCHF

Short
OANDA:CADCHF   CAD/CHF
Hi Trading friends!

CADCHF has been pushing down the past few weeks. Last week a new lower low formed on the daily which indicates the sellers have control. Today price has closed a a bearish hammer which could stop price here and push it back down to the low at 0.71724.

It's all about supply and demand baby! Let's see of the sellers want the CAD 's value to continue to decrease.