FXDavid

CADCHF SHORT PENDING /

FX:CADCHF   Canadian Dollar/Swiss Franc
end of last week me and the team managed to catch that beatiful bounce off the bottom of our descending channel on our CADCHF long contrarian position and took profits at 0.761, the following weeks we shall be looking to jump onto the INTRADAY bear trend at the short side of the trade with potential targets of interests at 0.764 - 0767 range for a drop to zone indicated on chart.

Beware of the external risk posed to CAD due to ongoing NAFTA negotiations as well as the Safe Haven status of CHF in times of "worry and political turmoil" which could affect CHF and this pair effectively.

PATIENCE IS KEY THIS A MARATHON NOT A RACE.

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