CADCHF on the 8H chart has completed a five wave impulsive decline with wave five bottoming out at a strong demand zone where price reacted and initiated a corrective phase the structure is forming an ABC pattern with wave a completed and wave b currently retesting previous support area this zone is critical as buyers are stepping in to defend it and if the level holds wave c is expected to push higher toward the next supply zone creating a short term bullish corrective opportunity within the broader bearish context.