CADCHF – SELL – 4th June 2020

CADCHF – SELL – 4th June 2020 (Closed)

Good evening team,

We have a technical setup on the CADCHF. The pair have rallied into a previous resistance zone and created a 5 wave structure higher on the smaller time frame.

We may now see a corrective structure lower into the support zone.

CADCHF – 4 Hour Charts

CADCHF – 1 Hour charts

Trade Setup: SELL CADCHF – Market execution, current price 0.7106, stop loss 0.7142 and take profit 0.7042

Stop loss: 36 pips

Take profit: 64 pips

Trade Setup
SELL - Market Execution

Entry
0.7106

Take Profit
0.7042

Stop Loss
0.7142