khng555

Week 36: CADCHF - Looking for short, but not at the moment

Short
FX:CADCHF   Canadian Dollar/Swiss Franc
Price action is very bullish (5 days of bullishness) but price has reached a resistance which had rejected a very bullish up move (see 24 to 28 July). Therefore I would want to wait for a convincing bear candle before taking any short. Anyway, I believe that there will could be a gap to the downside already as Mr Kim tested with their nuclear bomb. Geopolitical news, particularly War, will definitely move the market, especially Gold, xxx/JPY, xx/CHF and Crude Oil.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.