Canadian Dollar/Swiss Franc
Short

CADCHF: H&S seen. More down side to come?

49
Price hit a high of 0.7445 on Wed before losing steam with a Bearish candle seen on Thu. late Thu, Bulls launched an assault on Wed peak but closed at a QML. Early Fri see a Bearish impulse move lower from the QML. This move resulted in a H&S pattern(more obvious in H1) and broke a upward trend line drawn from previous week low to last week low prior to this Bearish impulse move. I will be looking to go SHORT at the pull back close to the QML to target previous week low.

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PRICE ACTION only tell half the story. The other key half is VOLUME. For VOLUME drive price.

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