🚨 CAD/CHF Short-Term Reversal Alert! 🚨
🔍 Resistance Holding Strong
The pair is struggling to break through the 0.6370-0.6382 resistance zone, where sellers have previously dominated.
📉 Rejection Signals Weakness
Price action is showing signs of rejection near key resistance, increasing the probability of a short-term pullback.
📊 Bearish Setup Factors:
✅ Multiple rejections at resistance
✅ Potential double-top formation
✅ Overbought near resistance zone
🎯 Key Downside Targets:
🔹 0.6297 (SMA-44 Support)
🔹 0.6192 (Major Support Zone)
💡 Trading Plan:
🔻 Watch for bearish confirmation below 0.6340
🔻 Target 0.6297 and 0.6192 for potential downside moves
🔻 Invalidation above 0.6385
⚠ Stay Sharp! Volatility Ahead!
🔍 Resistance Holding Strong
The pair is struggling to break through the 0.6370-0.6382 resistance zone, where sellers have previously dominated.
📉 Rejection Signals Weakness
Price action is showing signs of rejection near key resistance, increasing the probability of a short-term pullback.
📊 Bearish Setup Factors:
✅ Multiple rejections at resistance
✅ Potential double-top formation
✅ Overbought near resistance zone
🎯 Key Downside Targets:
🔹 0.6297 (SMA-44 Support)
🔹 0.6192 (Major Support Zone)
💡 Trading Plan:
🔻 Watch for bearish confirmation below 0.6340
🔻 Target 0.6297 and 0.6192 for potential downside moves
🔻 Invalidation above 0.6385
⚠ Stay Sharp! Volatility Ahead!
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.
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.