CADCHF - Short Setup at Key ResistanceOANDA:CADCHF Is getting closer to a resistance zone that has times before lead to strong bearish momentum. A confirmation of selling pressure, such as a bearish engulfing pattern or multiple rejection wicks at the resistance level, would increase the likelihood of a downward move.
If sellers take control at this zone, the pair could move downward, with a target around the 0.63200 level.
NOT financial advice - just my view on support and resistance zones, Always confirm your setups and trade with solid risk management!
Best of luck! Again!
