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CADCHF: Pullback from Key Level



CADCHF is testing a major weekly structure resistance .

Taking into consideration that the market is quite overbought, chances are high to see a pullback from that.


Your confirmation will be a bearish breakout of a rising parallel channel on 4H.

While the price is within, the market remains sharply bullish .


The breakout will signify a local shift in market sentiment and will push the pair to local structure level.


First goal will be - 0.732



In case of a bullish breakout of the underlined resistance, setup will be invalid.

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