Cadchf has broken the channel and it has already retested the trendline. On retest it show very good rejection. As it can be seen in the chart below:
THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and retest.
I have placed a sell here and I have my tp in the red box as it can be seen in thee first chart. Sl depends on you. FOLLOW AT YOUR OWN RISK
THe second thing that gives me confidence about selling at this point is the head and shoulder formation which has been confirmed by the breakout of neckline and retest.
I have placed a sell here and I have my tp in the red box as it can be seen in thee first chart. Sl depends on you. FOLLOW AT YOUR OWN RISK
Trade closed: stop reached