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ForecastCity
Jun 17, 2020 2:16 PM

Don't miss the great sell opportunity in CADCHF Short

Canadian Dollar/Swiss FrancFXCM

Description

Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.6975
TP2= @ 0.6957
TP3= @ 0.6937
TP4= @ 0.6905
TP5= @ 0.6875

SL: Break Above R2

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Comments
Best_Forecast
Great analysis buddy!

Excellent! as always!

Thank You for sharing!
ForecastCity
C7AYF
Nice work... what trading platform do you use?
ForecastCity
@C7AYF, Thanks!🙏 Tradingview
fxniki
Thank you for sharing this amazing forecast with us.🥰 👍
ForecastCity
@fxniki, You're welcome!🙏 we're glad you found it useful.
Bhupender
Always Learning from you
ForecastCity
@Bhupender, Thank you! We appreciate your kind words.
Mehmetozdemi
thanks for your ideas
ForecastCity
@Mehmetozdemi, You're welcome!
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