CAD/CHF
Short

CADCHF short

126
CADCHF Short: Montly: istantanea On the Montly we our still bullish but we see theat we received the M formation which we alreday retested for more downside momentum, We also received a W formation which needed to be retested to complete it and it is also nice aligning with our nice S&D zone. (Bullish)
Weekly: istantanea Weekly is Making a clear Bearish W with a nice descending trend line, we received previous week also a nice Bearish candle close which is a nice indication for me. The only thing that can stop our price is the Weekly IC which aligns with our TP zone. (Bearish) Daily: istantanea On the Daily we received a nice reversal pattern in the form of a H&S, our last Daily candle close was bearish so this is a nice indication for more downside momentum, we had also a bigger descending trend line which was our 3rd touch this is the strongest one for a big impulsive move to the downside. (bearish) 4H: istantanea we received a pattern within a pattern (4H bearish W+Natural W) which increases our setup to play out, we have also a nice descending trend line holding the price down. (Bearish)

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