CADCHF : Short trade Idea

Bearish Indications

• Resistance Zone at 0.68708
• Double Top and failed to break the RZ
• Fib Level 23.6% as the Resistance level
• Gartley’s XABCD pattern supports a reversal in the area of 0.68587
• Seasonal Analysis Shows CXY remains Bearish over 50% in December month
• Seasonal Analysis shows SXY Remains 80% Bullish in December Month.

Bullish Indications

• Bullish Engulfing
• Significant Support Zone at 0.68627


Biased: Short
Entry Short: 0.68431
TP1: 0.68236 (Fib Level 38.2%)
TP2: 0.68085 (Fib Level 23.6%)
Stop Loss: 0.68734
Lot Size 0.31 x 2
Risk/Reward: 1:1.3