CADCHF - Short Setup at Key Resistance

7 Şub

CADCHF Is getting closer to a resistance zone that has times before lead to strong bearish momentum. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.

If sellers take control at this zone, the pair could move downward, with a target around the 0.63200 level.

NOT financial advice - just my view on support and resistance zones, Always confirm your setups and trade with solid risk management!
Best of luck! Again!

7 Şub

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