• Vasily Trader

CADCHF: Overbought Market & Pullback (forecast)

🔻CADCHF is trading within a rising parallel channel on 4H.

Yesterday its resistance was reached and the price was heavily rejected.

At night the price has set a lower high and this morning broke and closed below minor support on hourly.

Taking into consideration that the price is overbought, bearish move is expected.

Goals: 0.7005/0.699