The CADCHF market is currently in an uptrend but has now formed a strong resistance zone. Bearish signals and a reversal pattern have been confirmed, indicating a potential breakdown of the support level and the ascending channel.
After the breakdown, the price may fall into the demand zone. If a retracement back to the broken channel occurs, it could provide another selling opportunity before continuing to the next technical targets.
π Key Highlights: - Strong resistance zone with bearish signs. - Reversal pattern confirmed, signaling potential downside. - Watch for retracement opportunities after a breakdown. β Stay Updated for Profitable Insights!
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