Having a very good CADCHF shorting opportunity coming up this week...100+ pip move I believe. Not only do we have this very steep uptrend it hit a major level with a confluence on the daily and 1hr timeframe. On top of all that the Stochastic RSI indicator is showing major divergence. This is probably a 70%+ chance trade with 1:4 RR. I would use 30-40 pip stop...
USDCAD has been making a strong move down over the past week. It is getting ready to make the a second touch at the level marked on the chart. Watch for a reversal candle on lower timeframes. Should be low risk high reward long term trade. Hold for 100 Pips easy...Could be a long term trend reversal of 500+ pips FXMEDIC91