Short

CADCHF H1 SHORT PRICE ACTION FORECAST

Although the price has been fighting to get into a healthy correction, to heal the EMA's overextension, a strong area of resistance continues to work as a line of defense, preventing the upward movement toward the FIB's golden levels.

If the price fails to break the area, a bearish continuation towards the next support level is unavoidable. The reason why a short entry is placed

The order:
Type: sell-stop
S/L: 20 pips - R:R | 1:2 -
T/P: support level

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