CADCHF >> A counter trend short trade
Updated
Good afternoon guys,
I find this cross very interesting to make a counter trend trade, short, which is approved by the weekly chart.
In fact, on this one I find an uptrend which follows perfectly the trendline, but now has a very big obstacle: the Weekly SSB.
I draw it on this graph, and I do the same with the Weekly Tenkan Sen, which seems to be the opposite obstacle.
On the Daily chart seems like it's happening an inversion, or maybe a deeper pullback. In both casesa pullback should be necessary, so a short movement.
On the H4 chart the Weekly SSB is exactly where old tops are, so it means resistance.
I'd like, once on that level, try to go short, up to the Weekly Tenkan Sen.
This won't be a problem for the actual trend on the weekly chart, because it would be a pullback.
What do you guys think about it?
>> Leave a like if you agree
>> Write in the comments below what your idea is :-)
I find this cross very interesting to make a counter trend trade, short, which is approved by the weekly chart.
In fact, on this one I find an uptrend which follows perfectly the trendline, but now has a very big obstacle: the Weekly SSB.
I draw it on this graph, and I do the same with the Weekly Tenkan Sen, which seems to be the opposite obstacle.
On the Daily chart seems like it's happening an inversion, or maybe a deeper pullback. In both casesa pullback should be necessary, so a short movement.
On the H4 chart the Weekly SSB is exactly where old tops are, so it means resistance.
I'd like, once on that level, try to go short, up to the Weekly Tenkan Sen.
This won't be a problem for the actual trend on the weekly chart, because it would be a pullback.
What do you guys think about it?
>> Leave a like if you agree
>> Write in the comments below what your idea is :-)
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The trade has started :-)
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