CADCHF | COULD BE A GOOD SELL TRADE

25 Eki

Hey Traders! 👋

I'm eyeing a potential drop in CADCHF! It’s been lingering around a key pivot level, which is likely turning into strong resistance. All three moving averages are sitting above the price, adding to the bearish momentum, and we've also got a clean triangle break on the 4H chart confirming this bearish bias. Plus, recent CAD news came out negative, backing up this setup even more.

General Guide:

🎯 TP1: 20-30 pips
🎯 TP2: 60-100 pips
🎯 TP3: 160 pips or down to the recent bottom

Please note, these ideas are shared for analysis purposes only. For more insights, feel free to check my profile—appreciate the support! 😊