Cadchfsell
CADCHF 3TAP SHORT FOLLOW UPAs a follow up on my previous 3TAP short on CADCHF (see link below). I have sold half my position and holding the rest down to the resistance around 0.02003. Be ready Monday, because if it does not break 200MA which it's currently AT, it might reverse. For newcomers, wait for it to break 200MA and add a small position. It's a bit late to get in this for a bigger position.
Is it happening again?CADCHF is channeling for almost a year now, and getting closer to that major yearly TL that's holding since 2012.
For now we have two indecision candles, much wicks on the top. If we go by the book, then all rules says short here as a trend continuation.
Like if you agree, follow and support please!
CadChf Volume Is On HellRules To Short :
If any candle Closes Below 0.76650 Short Position is Triggered By Financial Institutions
Cadchf Is looking Bearish As it has following Reasons To Short Below 0.76650
Reasons To Short:
1-Moving Averages Are Bending
2-Market Having High Sell Off At Resistance Level
3-Straight Trend line Resistance Is Present (Major Resistance Level Financial Institutions Secret)
4-Lower Blue Line Is Vertical To Downside Showing Downward Pressure
5-Moving Average Compression
6-Lower Term Time frames Show Lack Of Bullish Volume.
7-Major Banks Are Willing To Short In This Condition All Over News
8-Trend Change
Conclusion:
In The Conclusion i can say that if candle closes Below lower Red Trend Line Then I Am short with take profits @ Flag