Short

CADCHF: Two scenarios for the sell opportunity

Updated

I am looking CADCHF with two possibilities of development for the donwside move. I prefer the red scenario but we price can develop in different ways.

Good Luck!

Note

240 min chart

Note

Price reacted to the resistance zone marked on the chart and it broke out of the channel. Now we can see a flag pattern in the making, under 200 EMA.

Note

Double Top formation ...still looking for the downside move as long as the top at 0.7518 is not broken yet.

Trade closed: stop reached

KlejdiCuni

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CADCHF: Potential sell opportunity up to pattern completion

by KlejdiCuni

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