Envious_

CADCHF another selling idea

Corto
OANDA:CADCHF   CAD/CHF
RSI is near the overbought level, however due to the break of previous resistance I am expecting a temporary short rise towards the next resistance level but it may not reach the resistance and begin to consolidate, this being based off the RSI strength. Buyers are very strong as of right now but slowly declining, sellers should be coming in over this period of time. I will take my entry with confirmation when there is multiple price rejections near/at resistance or if the trend line breaks and confirms continuation to the downside. This is an idea from a beginner, good luck and stay patient!

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