CAD/CHF - 100 Pip Long Term Short
CAD/CHF has broken its 8H 50 EMA support and entered into a bearish trend.
We can expect it to fall 100 pips as long as the 8H 50 EMA holds strong as resistance.
Trade safe.
We can expect it to fall 100 pips as long as the 8H 50 EMA holds strong as resistance.
Trade safe.
Note
You can temprorarilly close and take your profits as it might take more time for the pair to go down (More consolidation and high test before the drop).Note
My personnal short. Closed right on time before the pullback up. Note
The outcome of wether it will continue down or bounce back up and go higher is now all dependant on the consolidation going on on the 4H chart.For your own safety, it would be better to close your trade and wait for the confirmation of the next direction before getting in again.
Trade closed: target reached
Note
Bounce back so clean from the 1.618 level *-* :)
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