CADCHF 4H SHORTS

CADCHF - SHORT

What are we expecting?

- CHF Strength - CAD weakness = CADCHF Short Trades.

What is our confirmation?

- On the DAILY TF we are clearly in a strong bearish downtrend.
- So ONLY SELL Positions ONLY for this pair!
- We can also see huge wicks indicating that our sell set ups are coming into play as the bears are taking back over.

Where shall we enter?
- Watch for rejection of sell zone
- Risk entry on rejection of fib
- Targets: 0.712 (250pips), 0.69 (450pips), 0.65 (700pips)

Once entered where will our SL BE?

- SL will be above blue fib levels for a safe SL

Targets?

- Targets: 0.69 (450pips)