CAD/CHF - SHORT

CADCHF : Short

Analysis (Reason for entry):

- Previous support on the weekly chart just got hit
- 1.618 Fibonacci extension confluence with the previous support area
- Bearish divergence between price action and RSI
- Price broke bellow the EMA (50) (Entry confirmation)


Levels:

Stop Loss: 20 Pips above previous high
Take Profit: You can use a fix take profit or trailing stops (ex. 1R, 2R, 3R)