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kahmotche
Jul 9, 2014 3:59 AM

CADCHF..preferred to sell and this is why  Short

Canadian Dollar/Swiss FrancFXCM

Description

CADCHF..preferred to sell below 8325 or at 8390 if i see resistance and here are the reasons :
1- X A B in black now fibonacci 78.6 from X A beside three impulsive waves from A .
2-Completion of five waves.
3-Three days of weakness.
4-fibonacci retracement extension from RED A B 161.8.
5-Weakness in the momentum.
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