CADCHF Analysis (Sun 3 May 2020)

FX:CADCHF   Canadian Dollar/Swiss Franc
Price has fallen out of a rising wedge pattern and in the early hours of Monday a retest would bring short setups into perspective. This is a trade that needs patience, as we miss our short entry by about 70 pips. We are not looking to rush into the market, and we need confirmation to short this pair. This is one for the watchlist. We have chosen the 1.618 level as a take profit and the 61.8 as an entry.