CADCHF: Trading Plan
CADCHF is currently trading in a bearish trend.
after a pullback from 0.675 level, the price started to consolidate.
with a sequence of two lower highs and three equal lows, we see the perfect example of a descending triangle.
based on that we may catch a great trading opportunity.
to trade it wisely we should wait for 4H bearish candle close below its horizontal support.
then we can sell aggressively or on retest with our stop above the last lower high
and initial target - 0.6775
in case of a bullish violation of the first lower high,
pattern will be invalid.
good luck!
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