CADCHF short
Keeping it simple - CADCHF is creating lower highs and lower lows on higher timeframes. We are currently at a level of resistance where price is struggling to push any higher. Further confirmation is that a head and shoulder pattern has been formed on the hourly timeframe which suggests price could now be heading downwards to create lower lows. I will be monitoring the PA on this pair very carefully, as CADCHF has the potential to drop back into the previous demand zone and potentially break below it. My take profit may change depending on how the trade plays out and my stop will be moved accordingly.
Trade closed: stop reached
SL hit, waiting on a possible re-entry
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