CADCHF Short to 0.7 price zone

This pair is on a decline on the weekly chart and the move down to the 0.7 price zone is likely. This is the price zone of the massive downward movement seen in January 2015 .

Take the trade as shown on the chart and it's good for a 1:4.5 RR ratio.

Comments or idea's, please do post them :)

Thanks for reading!

Commento:

Can take some hours before a possibly entry is forming