CADCHF: Bulls losing momentum
Updated
The market has been losing bullish momentum with each test of the support zone. This is a good indication of an incoming down move. Support is now broken and is being tested as resistance. There is also confluence on the daily chart with yesterdays candle closing as a bearish engulfing.
Entry: 0.76
Target: 0.75
Stop Loss: 0.767
YEARN-FOREX
Entry: 0.76
Target: 0.75
Stop Loss: 0.767
YEARN-FOREX
Trade closed: stop reached
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