CADCHF Forms Bearish Channel- Sellers Target 0.5620 Zone
CADCHF shows a rising channel pattern (bearish flag formation) following a strong impulsive downward move.
This indicates that the recent bullish correction might be coming to an end, and CADCHF could resume its prior bearish trend.
The price appears to have rejected the upper boundary of the channel, suggesting weakening buying momentum.
Key Targets:
First target: 0.5660
Second target: 0.5640
Final target: 0.5620
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
CADCHF shows a rising channel pattern (bearish flag formation) following a strong impulsive downward move.
This indicates that the recent bullish correction might be coming to an end, and CADCHF could resume its prior bearish trend.
The price appears to have rejected the upper boundary of the channel, suggesting weakening buying momentum.
Key Targets:
First target: 0.5660
Second target: 0.5640
Final target: 0.5620
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.