CAD/CHFShort
SHORTING CADCHF FOR 268 PIPS
Updated
CadChf has been in a buy zone for sometime but after the ascending triangle for the bullish continuation failed to continue on 10th May at the opening of the London session. Price fell 40 pips of the ascending triangle and failed to break to complete the bullish move. Hence i'm expectinng a rejection of the move to 0.73800.
NB: there will be a massive price rejection at 0.74920 forming a possible head and shoulder or double top, still shorting CADCHF.
TIPS: SUPPLY ZONE; Box Region (0.77050-0.76776)
BREAKOUT ZONE: 0.74900-0.74600
SL: 0.77080
ROI: 1:4.97
NB: there will be a massive price rejection at 0.74920 forming a possible head and shoulder or double top, still shorting CADCHF.
TIPS: SUPPLY ZONE; Box Region (0.77050-0.76776)
BREAKOUT ZONE: 0.74900-0.74600
SL: 0.77080
ROI: 1:4.97
Note
NB: REJECTION ZONE; Red boxSUPPLY ZONE; YEllow Box
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