CADCHF: Break lower - wait for the retests
Good Morning,
A very bearish morning for CAD/CHF as price has fallen from the descending trendline and seems to have broken the key level of support, I will be waiting for a retest of the support now turned resistance before looking for a short entry.
My view of what could happen is laid out on the chart as simply as possible.
Let me know what you think!
A very bearish morning for CAD/CHF as price has fallen from the descending trendline and seems to have broken the key level of support, I will be waiting for a retest of the support now turned resistance before looking for a short entry.
My view of what could happen is laid out on the chart as simply as possible.
Let me know what you think!
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