The pair has formed a double bottom pattern around the 0.5800 level (highlighted by the blue arrows), indicating strong support and a potential bullish reversal.
Price has broken the short-term bearish trendline and is now retracing slightly, possibly to retest the breakout zone or neckline of the double bottom.
Ichimoku Cloud is thinning, suggesting weakening bearish momentum and potential for a bullish breakout.
Key Resistance Levels:
First Target (TP1): 0.5884
Second Target (TP2): 0.5942
Current Price: 0.5852
A successful retest and bounce from the neckline area (around 0.5830–0.5840) could lead to a move toward the mentioned targets.
Conclusion:
As long as the 0.5800 support holds, CAD/CHF shows a bullish reversal potential toward 0.5884 and 0.…
Price has broken the short-term bearish trendline and is now retracing slightly, possibly to retest the breakout zone or neckline of the double bottom.
Ichimoku Cloud is thinning, suggesting weakening bearish momentum and potential for a bullish breakout.
Key Resistance Levels:
First Target (TP1): 0.5884
Second Target (TP2): 0.5942
Current Price: 0.5852
A successful retest and bounce from the neckline area (around 0.5830–0.5840) could lead to a move toward the mentioned targets.
Conclusion:
As long as the 0.5800 support holds, CAD/CHF shows a bullish reversal potential toward 0.5884 and 0.…
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Gold Signal's with proper TP & SL for high profit.
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Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
Disclaimer
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.
📲 Join telegram channel free ..
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
t.me/docter_Pips_official05
Forex, Gold & Crypto Signals with detailed analysis & get consistent results..
t.me/docter_Pips_official05
Gold Signal's with proper TP & SL for high profit.
Disclaimer
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.