CADCHF: Bearish Continuation After Breakout

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CADCHF appears to be in a bearish trend following a retest of a recently breached daily key horizontal support, along with a confirmed breakout of a support line of a bearish flag pattern.

On the 4-hour chart, a descending triangle pattern was formed, and the neckline has been broken.

There is a strong likelihood that the price will continue to decline, potentially reaching at least 0.5902 before hitting the support level.

Declinazione di responsabilitĂ 

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