CADCHF is potential for bearish dip! | 9th Feb 2022

Prices are consolidating in a triangle pattern and at a pivot. We see the potential for a dip from our sell entry at 0.72913 in line with 61.8% Fibonacci retracement towards our Take Profit at 0.72572 in line with 61.8% Fibonacci retracement. RSI is at levels where dips previously occurred and also prices trading below our ichimoku cloud resistance, further supporting our bearish bias.

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