CADCHF Trend Continuation Short

21 thg 3, 2019

Price has made a move lower after breaking previous support. We can see a potential AB=CD move as well as an extension at around the 1.127 level. I'll be looking for price to pullback at around 0.74100 to 0.73900 to our 61.8 or 78.6 retracement of our most previous swing high to swing low (the Fib ratios will change depending where the market actually reverses). I'll be looking for RSI to be overbought and will enter on the hourly timeframe.