ForecastCity_EU
Short

Don't miss the great sell opportunity in CADCHF

FX:CADCHF   Canadian Dollar/Swiss Franc
Trading suggestion:
. There is still a possibility of temporary retracement to suggested resistance line (0.7027). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 50.

Take Profits:
TP1= @ 0.6975
TP2= @ 0.6957
TP3= @ 0.6937
TP4= @ 0.6905
TP5= @ 0.6875

SL: Break Above R2

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Comments

thanks for your ideas
+2 Reply
@Kristalyn, 👍
Reply
thanks, guys.
+2 Reply
@Kamryn, 👍
Reply
This is such a complete analysis,

Thank You for sharing!

🌟🌸🌟🌸🌟🌸
+1 Reply
ForecastCity_EU Alexander_007
Reply
Thanks... I will keep an eye on this...
Reply
It is going toward the MARS!
Reply
Nice idea .. worked like a charm
Reply
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