Overall trend o CADCHF is bearish o the weekly time frame. Expecting more bearish movements after the breakout of the short lived bullish trend. We should wait for a retest from breakout zone and enter a sell position. First take profit target set is at 0.68735, second take profit is set at 0.68338 and the last TP at 0.67600.
Overall trend on the weekly is bearish, and a Major resistance level has been reached on the daily time frame. Looking to Short AUDCAD once it breaks out of the currently forming wedge. Once it breaks out, make sure to first wait for a retest before you enter a sell position. Don't just dive in. Comment down below to share your thoughts.
