Proszi

Trendline Break & Retest Opportunity

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
After a confirmed breakout of the 4H ascending trendline, we will be looking to retest it on the 0.618 fib retracement and continue to the downside. Furthermore, we also have a descending trendline formed which corresponds well with our other TA elements, giving more certainty to short the trade.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.