CAD/CHF IS A PAIR TO WATCH TODAY Short

Canadian Dollar/Swiss FrancFXCM

Description

⋅ Oct 14, 2019 10:05 AM

The CAD/CHF pair reached an important resistance level on the daily chart. A horizontal resistance zone aligns with the upper resistance of a falling channel. Also, notice the bearish RSI divergence, signaling a potential fake breakout and reversal.

- Horizontal resistance zone
- Falling channel resistance
- Bearish pinbar
- Bearish RSI divergence
- Fake breakouts

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