Previously i had identified a short opportunity on this pair while it approaching the end of its bullish run.
After reaching target I have found areas which show signs of bearish continuation and have found ways to reenter into this bearish move.
On the chart I am posting now, you will realize that the pair has created a series of bearish flags and another one is currently being formed. The flag is very close to resistance and has tapped the 78.6 fibbo region which is starting to provide more reasons for adding short positions and indicating that the breakout is near.
After reaching target I have found areas which show signs of bearish continuation and have found ways to reenter into this bearish move.
On the chart I am posting now, you will realize that the pair has created a series of bearish flags and another one is currently being formed. The flag is very close to resistance and has tapped the 78.6 fibbo region which is starting to provide more reasons for adding short positions and indicating that the breakout is near.
Comment:
www.tradingview.com/chart/SLfzFtRA/
Comment:
still holding this trade, hopefully this week our shorts will be come profitable
Related Ideas
CADCHF
billionare_mo
about CADCHF