Technician

(J) Trade 12: Short within Sideways Range #Forex

FX:CADCHF   Canadian Dollar/Swiss Franc
119
Update 2: Closed All position at 0.7585 ahead of weekend.
Profit= 0
Current Balance = $30 591.5

Update: Trade is active
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Trade 12: Pending Short CADCHF @0.7590
S.L @ 0.7630
T1 0.7525
T2 0.7465

For $29,211 Balance, Position size = 1.5 lot ~ 2% risk of capital

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Reasoning
  • Sideways range top
  • Overbough and Bearish divergence on RSI
  • Pin bars at resistance area
  • Descending resistance

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