What are we expecting?
- CHF Strength - CAD weakness = CADCHF Short Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong bearish downtrend.
-We have high impact CAD news tomorrow so we could range until the news release in which this could help our bias push price to break our trendline.
- So ONLY SELL Positions ONLY for this pair!
- We can also see huge wicks indicating that our sell set ups are coming into play as the bears are taking back over.
Where shall we enter?
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Break of Trendline
Once entered where will our SL BE?
- SL will be above blue fib levels for a safe SL
Targets?
1: 0.72400
2: 0.72000
3: 0.72100
- CHF Strength - CAD weakness = CADCHF Short Trades.
What is our confirmation?
- On the DAILY TF we are clearly in a strong bearish downtrend.
-We have high impact CAD news tomorrow so we could range until the news release in which this could help our bias push price to break our trendline.
- So ONLY SELL Positions ONLY for this pair!
- We can also see huge wicks indicating that our sell set ups are coming into play as the bears are taking back over.
Where shall we enter?
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Break of Trendline
Once entered where will our SL BE?
- SL will be above blue fib levels for a safe SL
Targets?
1: 0.72400
2: 0.72000
3: 0.72100