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MoolahMaker

CAD/CHF - 100 Pip Long Term Short

Short
CAD/CHF (OANDA:CADCHF)  
MoolahMaker Updated   
OANDA:CADCHF   CAD/CHF
Chart Patterns Technical Indicators Beyond Technical Analysis CADCHF cadchfshort cadchfidea cadchfsell cadchfforecast cadchfanalysis cadchfdaily cadchfsignal cadchfsetup
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chartpattern indicator beyondta cadchf cadchfshort cadchfidea cadchfsell cadchfforecast cadchfanalysis cadchfdaily cadchfsignal cadchfsetup
CAD/CHF has broken its 8H 50 EMA support and entered into a bearish trend.

We can expect it to fall 100 pips as long as the 8H 50 EMA holds strong as resistance.

Trade safe.
Comment:
You can temprorarilly close and take your profits as it might take more time for the pair to go down (More consolidation and high test before the drop).
Comment:
My personnal short. Closed right on time before the pullback up.
snapshot
Comment:
The outcome of wether it will continue down or bounce back up and go higher is now all dependant on the consolidation going on on the 4H chart.

For your own safety, it would be better to close your trade and wait for the confirmation of the next direction before getting in again.
Trade closed: target reached
Comment:
Bounce back so clean from the 1.618 level *-* :)
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