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Mar 06, 2025

Trade ideas

CADCHF: Bearish Trend

CADCHF, H2

CADCHFH2.png

CADCHF rebounded from the 0.6230 resistance level and faces the 0.6170 support.

The Alligator’s lips crosses the jaw, while the MACD and RSI crosses the mid-line down, giving a bearish sentiment.

  • Consider a short trade, if the price breaks below the 0.6170 support, with the target at 0.6120 level.

Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.

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Timur Yurdagyul

Author: Timur Yurdagyul

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