TheBearTrader1

CADCHF- SHORTS LETS CATCH A FRIDAY MOVE: WEAK OIL=WEAK CAD

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
Weak oil = weak CAD and oil is weak right now, its important we look at the legs of pairs, and CHF has been looking strong therefore this makes up for a great trade theoretically speaking.

Technicals are also looking very clean, break of the ascending TL, making a new lower high and a lower low, I believe price will come into the 61.8 fib level as this was where previous lows were, then wait for a rejection candlestick (i.e wait for 4H close and a confirmation candlestick , doji , bearish wick, bearish engulfing )

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