We have a trend line structure in this setup, a descending channel. On the 240, we have a M peak formation at its 2nd leg, and in that 2nd leg, we also have a M formation on the 15-min, a timeframe that I use to enter my trades.
CADCHF is then a pretty good short opportunity. I'll be short from 0.7815 and I'll have a SL around 0.7825. If the trade hits my SL, I'll...