Canadian Dollar/Swiss Franc
Singkat

Trade management, confirmation sell, example/execution — CADCHF

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Here's a so-called rising wedge pattern. It may look a bit tricky because it broke above at first, but in my opinion it was just a false breakout. Afterwards, price made a breakout below the wedge, then after, it broke completely below to the horizontal side. Now, to confirm that this wasn't another false breakout, we'd just have to wait for a pullback with a continuation down which it made, and it's a confirmation to sell. Now all that's left is to place a limit entry where price last began showing momentum down.

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