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PipHike

Go Short as CADCHF Consolidates Below Trend Line

Short
Canadian Dollar/Swiss Franc (FX:CADCHF)  
PipHike Updated   
FX:CADCHF   Canadian Dollar/Swiss Franc
Trend Analysis CADCHF cadchfshort cadchflong cadchfidea cadchfsignal consolidation
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trendanalysis cadchf cadchfshort cadchflong cadchfidea cadchfsignal consolidation
In the daily chart, we can see that the CADCHF has been consolidating after breaking the support trend line earlier this month. It is now testing the support-turn-resistance trend line again after a 160-pip rally from 0.7266. This provides a good opportunity to sell on a pullback.
Trade active
Trade closed: stop reached
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