CADCHF | 200 pip downside?
Updated
I like the CAD for short positions on several pairs - the currency generally seem weak.
You could argue that the trendline I've drawn in here has been broken - but you could also draw it slightly differently and say that price is currently bouncing.
What to do?
I'm interested in close below the recent lows (at say 0.7480) or potentially one last stab higher followed by weakness on an intraday level. My final target would be the August lows, around 0.7300
You could argue that the trendline I've drawn in here has been broken - but you could also draw it slightly differently and say that price is currently bouncing.
What to do?
I'm interested in close below the recent lows (at say 0.7480) or potentially one last stab higher followed by weakness on an intraday level. My final target would be the August lows, around 0.7300
Trade closed: target reached
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.