CADCHF: Top of the 1 year Channel Down. Sell opportunity.
CADCHF is approaching the top of the Channel Down pattern since May 2022, which is a little lower than the 1D MA200. The 1D technicals have turned green (RSI = 58.741, MACD = 0.003, ADX = 49.805), which indicates that we are entering the long term sell zone. The ideal sell confirmation will be after the 1D MACD makes a Bearish Cross. We will after the Cross is completed and target the LL trendline (TP = 0.63000).
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