CADCHF SHORT SETUP (Supply & Demand, Head & Shoulders)

You can clearly see a head & shoulders pattern on the h4 or daily timeframe.

I am now waiting for a double top on the h1 or a fakout on h4.
Wait for price action. Do not enter the trade immediately!

Other confirmations to sell:

Price broke supply -> now demand
lower low created -> waiting now for lower high


I set TP1 & TP2 based on fibonacci.

I will risk 1% for this trade.
After the trade is 40 pips in profit, i will move sl to entry.
I will close 70% of my trade on tp1 & move my sl lower to a point where i think the trade will be invalid.

Let me know your view in the comments.

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