Catching a big wave down on CADCHF Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ May 9, 2023 5:19 AM

CADCHF is in a downtrend.

However last week we saw a big move up which is about to end.

The pair has a big H&S in 1 hour chart.

There is divergence on the RSI.

We can expect a big fall once the trend line is broken.