CADCHF short term bearish momentum | 21st Oct 2021

2021年10月21日

Price reacting in a potential triangle pattern. We can expect price to drop from the pivot level in line with the 88% Fibonacci retracement towards the take profit level in line with 38.2% Fibonacci retracement and 78.6% Fibonacci projection . Our short-term bearish bias is further supported by the stochastic indicator where the %K line is abiding to the descending trendline resistance.

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