CADCHF Short

Note
-CADCHF showing signs of strong intraday rejection of higher price (long daily wick) by forming 2 reversal candles (Pinbar/Spinning top/Indecision) AT RESISTANCE
-CADHF showing bearish divergence on 4H time frames

Entry
-Keep enough distance below the low of the reversal daily candles to confirm a transition of power from bulls to bears

Stop
-Above the high of the reversal daily candles

Target
-2 times stop

Risk Management
-Risk 1% to 2% of capital
-Ratio: 2:1