CAD/CHF: Breakout, Pullback and a Potential RecoveryCanadian Dollar vs. Swiss FrancFX:CADCHFpullbacksignalCADCHF CAD/CHF is showing signs of a possible trend reversal, although the broader Weekly structure remains bearish. The recent price action suggests that the selling pressure may be weakening, but confirmation is still needed. View the Weekly chart On the Daily chart, price has broken above an important resistance zone that had rejected it several times in the past. This area is now acting as a potential support zone, and price has already pulled back toward it. However, I still haven't seen a clear rejection from this zone. The level may be losing strength, so I don't want to enter a buy simply because price has returned to support. View the Daily setup Trading Plan Potential pullback zone: Around 0.580–0.585. Confirmation: A clear bullish reaction or rejection from the zone. Invalidation: 0.573. Short-termtarget: 0.609. Mid-term target: 0.634. The short-term target is based on a measured move, while the mid-term target is near a major resistance area. If price fails to hold the support zone or breaks below the invalidation level, the bullish scenario will need to be reconsidered. Important Events This Week Wednesday, October 28: Bank of Canada interest-rate decision. Wednesday, October 28: Federal Reserve interest-rate decision. Friday, October 30: Canadian GDP release. With these events approaching, I'll reduce trading activity and wait until the market has absorbed the news before looking for new opportunities. I would rather miss a move than force a trade during uncertain conditions. The plan is to wait for confirmation, manage risk carefully, and let price action determine the next move. Risk Warning: This is a potential trading scenario, not a guaranteed outcome. Forex trading involves significant risk. Always define your invalidation level and manage position size appropriately.