CADCHF is currently respecting a strong support zone, indicating a potential bullish reversal pattern in development. The structure suggests that most of the downward pressure may be exhausted, and buyers could begin to take control.
Price action shows signs of completing a doubt/uncertainty pattern, reinforcing the base formed at support. A strong resistance level lies near 0.59002. If the 4H candle closes above this level, it may confirm a breakout and open the door for further bullish momentum.
You May find more details in the chart.
Trade wisely best of Luck Buddies.
PS: Support with like and comments for better analysis.
Price action shows signs of completing a doubt/uncertainty pattern, reinforcing the base formed at support. A strong resistance level lies near 0.59002. If the 4H candle closes above this level, it may confirm a breakout and open the door for further bullish momentum.
You May find more details in the chart.
Trade wisely best of Luck Buddies.
PS: Support with like and comments for better analysis.
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Join My telegram Channel
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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.