CADCHF - Broken down a rising trend line

PAIR IN FOCUS: CADCHF
ACTION: SHORT
HORIZON: SHORT-TERM

Price has broken down from a rising trend line and currently consolidating. In this circumstance, we can expect another leg of bearish momentum. Looking for a retrace, retest and rejection of the trend line AND support/resistance level before any entry.

TP 1 and 2 are Short-term targets while TP 3 is a medium-term target for this pair.

The TPs have been indicated on the chart. Plan your own Stop Loss. Remember to manage your risk!

Feel free to discuss and comment, Cheers!

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