CADCHF potential for dip | 22nd Oct for FX:CADCHF by desmondlzw

Price has recently break out from the ascending trend line and can potentially retest the sell entry price of 0.74550 which is 50% Fibonacci retracement . Price can then potentially dip to the take profit level of 0.73810 which is also 38.2% Fibonacci retracement level and 78.6% Fibonacci projection level. Our bearish bias is supported by our moving averages as price is trading below it.

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