CAD/CHF
Short

Cad chf short prefered

After several tests of the s/r zone we just tested it again and now we are close to another smaller support which was a resistance before (s/r zone) and we are able to draw in a trendline to the upside with 3 touches .

Now we have our set up with double confirmation if it gets triggered!

I will wait for a break n close through the support and trendline to the downside to enter a short trade .
If this scenario not happens and we see price go up instat of dropping i would consider a long trade after a break n close of the s/r zone to the upside .
But as i really prefer the downward move here i would just go long with 1/2 position cause in the daily we are still in bearish territory since round about start of the year.
Beyond Technical AnalysisCADchfsupporttest

Also on:

Disclaimer