Possible CADCHF Short

10 thg 6, 2020

On the weekly TF, CADCHF has hit a 0.62 retracement that is acting as resistance for last week and now this week. On the daily, it has shown that it favours the downside after forming an evening star after yesterday's significant push down. I believe it may retrace up to the level provided, and atleast run through 9th June lows, and possibly lower. On the 1hr TF, there is confluence with the 0.705-0.79 retracement aswell as a retest of a counter trendline.