CADCHF At a potential reversal zone, downside is favored:
Targets and stop are outlined on chart
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Technician
- The price has completed a three drives pattern at the 1.271 extesnion for the latest bearish wave
- The price is near the main overhead resistance area among 0.7565-0.7650
- The 200-days SMA is around current levels
- Stochastic is overbought. Meantime, the overall trend remains bearish.
Targets and stop are outlined on chart
The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
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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.