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TRADE UPDATE: CADCHF dropping to its target of 0.6472

Box formation formed on Daily.
We now have an M Formation (confirming further downside).
Once the price broke below, we had our first target in mind.
Which it's now heading to with grace.
200>21>7 - Bearish
RSI<50
Target remains 0.64720

SMC
Buy side liquidity (Above the M Formaiton). This is where Smart money comes and sweeps the buying (selling into it) which creates supply and downside for the market.
All signals are down.

Timonrosso

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Trade Well,
Timon Rossolimos
Founder, MATI Trader
(Pro trader since 2003)

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Timonrosso

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