CAD/CHF 4H Bullish Reversal Setup

The pair has formed a double bottom pattern around the 0.5800 level (highlighted by the blue arrows), indicating strong support and a potential bullish reversal.

Price has broken the short-term bearish trendline and is now retracing slightly, possibly to retest the breakout zone or neckline of the double bottom.

Ichimoku Cloud is thinning, suggesting weakening bearish momentum and potential for a bullish breakout.

Key Resistance Levels:

First Target (TP1): 0.5884

Second Target (TP2): 0.5942


Current Price: 0.5852

A successful retest and bounce from the neckline area (around 0.5830–0.5840) could lead to a move toward the mentioned targets.


Conclusion:
As long as the 0.5800 support holds, CAD/CHF shows a bullish reversal potential toward 0.5884 and 0.…