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Aug 27, 2020 12:09 PM

CADCHF H1 SHORT PRICE ACTION FORECAST  Short

Canadian Dollar/Swiss FrancFXCM

Description

After the price action reaching the supply zone, and getting a rejection from sellers, we could expect a downward movement back to the demand zone. This consolidation within the channel allows the setup of a short order to capture the pair's forthcoming downtrend.

The order:
Type: sell-stop
S/L: 18 pips - R:R | 1:2 -
T/P: demand level

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