CADCHF | 130pips

After waiting a while another opportunity presents it's self

Weak price in buyers at top with the same range, looking at a ~130pip drop.


First I waited for buyers to break above resistance, and then to see what else they could do afterwards

As price went on we saw buyers try to step back in but only for sellers to keep pushing down creating Lower Highs and Lower Lows

This tells me buyers aren't too interested and could see sellers step in with more strength as time goes on.

Price is also consolidating around SMA-150 exactly after the rejection which tells me price is building up for a reversal.

Same rules apply:
- Shorts Only
- Setup will take 20 days start to finish
- The actual trade will take 6 days +