CADCHF had a very powerful bearish from 20/02/2020 until around 18/03/2020. Thereafter, we saw CADCHF make very weak bullish corrections. As a result, we may have a bearish flag forming. Price has broken out of the supportive trendline on the daily timeframe and appears to have retested it, presenting bears with a good opportunity to go short on the pair.
The first target could be around 0.66600
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Best of luck traders!
The first target could be around 0.66600
Be sure to follow me for more ideas and analyses. Leave a like and a comment with your thoughts below, all input is appreciated.
Best of luck traders!