CADCHF - Bearish Setup at Key Resistance

10 янв.

The CADCHF pair is currently trading near a significant supply zone, where prices have previously encountered strong resistance and reversed lower. This suggests a potential bearish scenario as sellers might regain control in this region.

A bearish confirmation, such as a rejection candlestick pattern (e.g., a bearish engulfing or long upper wick), would strengthen the case for further downside movement. If this scenario unfolds, the next target to monitor is around 0.63202, which aligns with a key support level.

Traders should wait for clear confirmation of selling pressure before entering short positions to ensure alignment with the broader market sentiment.

14 янв.

Сделка активна

17 янв.

Сделка закрыта: достигнута тейк-профит цена

Target reached.