CAD/CHF in a strong downtrend forms a rising wedge pattern of continuation and now the price reached the 50% FIBO where a confluence of clues like the resistance area, the Fibo Level, and the formation of this pattern with the divergence of the stochastic can give to the traders an opportunity to go short in the direction of the main trend.
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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.