Don't miss the great Sell opportunity in CADCHF

٢٨ يوليو ٢٠٢٠

Trading suggestion:
. There is a possibility of temporary retracement to suggested resistance line (0.6888). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. CADCHF is in a range bound and the beginning of downtrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 37.

Take Profits:
TP1= @ 0.6846
TP2= @ 0.6810
TP3= @ 0.6770
TP4= @ 0.6740
TP5= @ 0.6610

SL= Break below R2

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