UnknownUnicorn3974120

At Fib 50 & Structural trend line break out.

Short
OANDA:CADCHF   CAD/CHF
Price is at the 50 level of the last major fib retracement. There is structural resistance at this area. Price has formed a bearish bar out side the trend line . Price should continue downwards. Divergence is evidence.
Comment: Nice break out towards the downside.
Comment: Good push to down side. Hit the 0 retracement. Trade was stopped soon after.

Comments

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