CADCHF - 05/11/2020

Updated

We will wait to see how the market opens on monday; if see price above 0.96801 we go long else if we see price below 0.69562 we go short with caution as the potential level is pretty close to the entry and would be tight.

RSI has shown an indication of upward exhaustion.

Trade active

We just went short after a engulfing pattern on the 1hr timeframe with the stop above the swing high.

Note

We are struggling a bit to the downside but still in the trade.

Trade closed manually

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