CADCHF has recently made an important change in structure from a daily perspective since breaking to the upside and forming the HH, price failed to respect the HL and broke the structure to the downside with a bearish impulse from a 1D perspective - forming a new LL.
After the bearish impulsive move as we would expect, price made a corrective move, in which it has just tested the 0.618 FIB in confluence with a strong level of daily supply and is potentially forming a new LH formation we will be monitoring PA on the LTF for potential entry confirmations to capitalise on the bearish continuation wave
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