A big short appearing on CADCHF

21 apr 2022

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.

21 apr 2022

Trade attivo

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

21 apr 2022

Trade chiuso manualmente

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

21 apr 2022

Trade attivo

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.

22 apr 2022

Trade chiuso: obiettivo raggiunto

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