A big short appearing on CADCHF

This trade is against the trend.

RSI on H4 and D1 is fully overbought. There is massive resistance on a monthly/weekly chart.

This trade needs a few days to pan out. We need to see weakness on the smaller timeframe to execute the trade. Currently NO ACTION taken.

Giao dịch đang hoạt động:

Entered the trade at 0.7600. The stop loss is 80 pips away as it is a big pattern. H4 is losing strength and there is divergence in H1, m30 and m15

Giao dịch được đóng thủ công:

There is a M15 Double bottom and it is likely to challenge the high of 0.7615. Will exit and look to sell again.

21/04/22 DEAL CAD/CHF Mini converted at 1.426850608381295 SD SD3.42

Funds: SD10,010.26

Giao dịch đang hoạt động:

Sold this trade again at 0.7600 once the high was challenged. It is current up about 25 pips. This is counter trend so I may look to take profit quickly.

The commodity currencies (AUD,NZD, CAD) are oversold and would look for a rebound.

Đóng lệnh: đạt mục tiêu:

Closed this trade as there is a lot of consolidation on M15. Expecting CAD to move up and we can look to short for the third time at 0.7600- 0.7610.

22/04/22 DEAL CAD/CHF Mini converted at 1.422524691399585 SD SD29.45

Funds: SD10,140.30