CADCHF On Major Resistance

OANDA:CADCHF is respecting a major resistance trendline. There was a false breakout with a closing candle back below the trendline. The close of this weekly candle should be a great indicator for another push to the downside. If monitor on a daily timeframe we can see a shift to a bearish environment in which we will prep our shorts.

Remember to use less than 2% risk when executing a trade with a minimum of 1:1.2 risk-to-reward ratio. Good luck, traders!