Here is my view on CADCHF SHORT, Any type of feedback is greatly appreciated it. Thank you
Time: 02:00 GMT
Forex Pair/Commodity: CADCHF
Position: SHORT (SELL)
Daily: After an over extended run to the top, price has Hit QUAD tops, a strong , with a two low tests candles
1 Hour: Formed double tops, price then broke down the short term support , then pulled back to main , 20 , and 0.382 fibs retracement, formed a mini-bearish , massively divergence
Looking to take this pair to daily 0.382 fibs retracement, 20 , and strong horizontal support
and resistance line of 0.7600 area for more than 3:1 reward risk ratio.
Thank you for your support
Time: 18:00 GMT
Price has already hit my 1% profit. Due to FOMC, move my stop loss to break even @ 0.7725.
Time: 06:00 GMT
After the FOMC interest rate hike, the currency pair has shown some bullish movement. manually close down the trade @0.7700, secure 1 % profit.