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Angelles23
Oct 1, 2018 4:20 AM

sell Short

Canadian Dollar/Swiss FrancFXCM

Description

sell
Comments
ICmarkets
Nice idea on CADCHF and there may be bearish potential as you have identified. I have identified a resistance level at 0.77084, which is above the resistance that you have identified. It is a horizontal overlap resistance with 61.8% Fibonacci extension and 61.8% Fibonacci retracement. Stochastic is approaching its resistance at 99%, where a corresponding reversal could occur. If a reversal does occur, we may take a closer look at 0.75244. It is a horizontal overlap support with a 50% Fibonacci retracement, which is higher than the support that you have identified. Looking forward to seeing how things develop.

Please have a look at my idea and share with me what you think.


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