CADCHF: At Potential Reversal Zone
CADCHF At a potential reversal zone, downside is favored:
Targets and stop are outlined on chart
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- The price has completed a three drives pattern at the 1.271 extesnion for the latest bearish wave
- The price is near the main overhead resistance area among 0.7565-0.7650
- The 200-days SMA is around current levels
- Stochastic is overbought. Meantime, the overall trend remains bearish.
Targets and stop are outlined on chart
The countdown has started.. Check out The Forex Channel all-new coming soon page with a countdown timer to launch date, visit and subscribe at thefxchannel.com
My Best Regards
Technician
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