EUR/CAD Reversing - Short Opportunity
CAD/CHF has formed a channel since August. Currently the price is in an area of potential short-term reversal towards the lower trend line.
We want to make sure that the price is actually bouncing off the trend line , so wait for a 4H candle to close below the confirmation line before entering the trade.
Consider the Target line as a potential profit target. It's placed at the point where the price last touched the lower tend line of the channel.
We want to make sure that the price is actually bouncing off the trend line , so wait for a 4H candle to close below the confirmation line before entering the trade.
Consider the Target line as a potential profit target. It's placed at the point where the price last touched the lower tend line of the channel.
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