CAD CHF / H4 / Technical Analysismarket has reached a strong resistance area ...
we have different confirmations here to go short
H & S pattern
trendline broken
4H engulfing bearish candle
CAD-CHF-SELL
CAD CHF potential Short Setupmarket has fallen thorugh a rising wedge and gives us enough confirmation to enter short at this level
for first target R/R is 1:1
CADCHF 4HR Short Channel Trade what we see:
Price had been on a bullish run, followed by a quick double top at 0.7877 level.
We have then printed repeated lower highs, breaking the 4hr bullish trend line.
The trade is simple, we wait for the pull back into the next lower high and we short to the 71.8% fib level where previous Supply and Demand was found.
CADCHF - Sell OpportunityCADCHF has closed below the lower Bollinger Band on the 1H chart. Very strong bearish candle on the daily chart. RSI is below 50. The bears are in control. I expect price to fall to previous lows.
CADCHF - Sell OpportunityCADCHF has closed above the middle Bollinger Band on 1/19/2017. I have entered at the open of the market on 1/19/2017. RSI is below 50.
