CADCHF Bear Strike
Bias Bearish
Fundamental
CAD is bearish. CHF is ongoing bullish momentum
Price Action
Price retrace back into H4 SR level. Price consolidated in H4 SR level. Price broke through retracement M15 trendline and M15 Consolidation support level. Price close with a bearish momentum candle
Confluence
H4 SR level rejection, M15 SR level broken, M15 Bullish Trendline broken, Bearish momentum candle.
Setup
Short Entry at M15 broken SR level.
SL 2x ATR(20) M15
TP Next Daily/H4 swing low. R:R 1:4
Fundamental
CAD is bearish. CHF is ongoing bullish momentum
Price Action
Price retrace back into H4 SR level. Price consolidated in H4 SR level. Price broke through retracement M15 trendline and M15 Consolidation support level. Price close with a bearish momentum candle
Confluence
H4 SR level rejection, M15 SR level broken, M15 Bullish Trendline broken, Bearish momentum candle.
Setup
Short Entry at M15 broken SR level.
SL 2x ATR(20) M15
TP Next Daily/H4 swing low. R:R 1:4
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