CADCHF Signals a Downward Correction To 0.5670
CADCHF is trading within a rising wedge formation on the 1H chart — typically a bearish continuation pattern.
Price is showing early signs of exhaustion near the top, suggesting a possible pullback.
The price already broke down from the bearish pattern, indicating an increase in the bearish momentum.
Quick targets are seen at 0.5722 and 0.5705, with a deeper extension toward 0.5670 if bearish momentum continues.
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 is trading within a rising wedge formation on the 1H chart — typically a bearish continuation pattern.
Price is showing early signs of exhaustion near the top, suggesting a possible pullback.
The price already broke down from the bearish pattern, indicating an increase in the bearish momentum.
Quick targets are seen at 0.5722 and 0.5705, with a deeper extension toward 0.5670 if bearish momentum continues.
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❤️
Nota
CADCHF -> If it doesn't move in the next 4 hours, close it.
Nota
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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
Penafian
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.