CADCHF SHORT
* Price has reached the top trend line of a descending channel.
* This also correlates with the 78.6% fib level which has been respected on the 4hr time frame.
* The 78.6% fib level also happens to be an area of support turned to resistance, so we also have a break and retest.
* I am entering today to hopefully secure some profits before weekly close.
* I will likely find an area to reenter on Monday.
* This also correlates with the 78.6% fib level which has been respected on the 4hr time frame.
* The 78.6% fib level also happens to be an area of support turned to resistance, so we also have a break and retest.
* I am entering today to hopefully secure some profits before weekly close.
* I will likely find an area to reenter on Monday.
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