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CAD/CHF: Fake breakthrough, opportunities for short positions

CAD / CHF: Daily chart – downtrend

Price below horizontal resistance

Fibonacci: 61.8 correction

Price action: 2 pin bars with equal shadows – strong negative signal

indicators:

50 / 200MA: 50 under 200 negative trend

Oscillators do not give clear signals for the moment

SL 0.75260

Alternative scenario: If the price crosses above the 61.8 fibo of we can see a new bullish momentum towards resistance levels.


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