CADCHF is currently retesting its previous trend support (white line).
It two recent small bounces from the 23.6% Fibonacci retracement of the most recent bull leg.
I'm placing my sell stop entry just below these two bounces in anticipation that a break of this level could lead the pair down to at least its 50% retracement level though I may extend my TP to the 61.8% retracement should the price action near the 50% favor that possibility.
It two recent small bounces from the 23.6% Fibonacci retracement of the most recent bull leg.
I'm placing my sell stop entry just below these two bounces in anticipation that a break of this level could lead the pair down to at least its 50% retracement level though I may extend my TP to the 61.8% retracement should the price action near the 50% favor that possibility.
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