Timonrosso

Box formation bearish medium term to 0.6472

Short
OANDA:CADCHF   CAD/CHF
Box formation formed on CADCHF
Price broke out and also formed 3 Black Crows.
This confirmed downside to come.
200>21>7 - Bearish
RSI<50
Medium Target -> 0.64720

SMC
Sell side liquidity formed forming an Order Block.
This is where the Smart Money goes down and stops out all the shorters. They then grab their orders and buys which causes a push up.
This means, we can expect short term upside to target 0.6804



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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)
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