Overview (Weekly Timeframe):
CADMXN is holding strong at a significant weekly support zone, aligning with the 50EMA 🟢. Sellers are losing steam as price stabilizes, hinting at a potential bullish reversal. This level has historically acted as a base for upward moves, making it a key zone to watch.
Daily Chart Explanation:
On the daily chart, price action confirms a shift in momentum. Buyers have stepped in and successfully broken internal bearish structure, indicating a transition to the buy side 📈. The structure break signals that bulls are gaining control, and the market sentiment is turning positive.
4H Chart Explanation:
The 4H chart shows a clear bullish structure with higher highs (HH) and higher lows forming. Price is holding above the 50EMA, a strong indicator that the bullish momentum is now in play. The alignment of structure and moving average further supports long entries.
Plan:
🔹 Bias: Bullish
🔹 Entry: Look for pullback into 4H demand zone or dynamic support near 50EMA
🔹 Targets:
• TP1 – Previous swing high on Daily
• TP2 – Next major resistance zone from Weekly
🔹 Invalidation: Break below 4H higher low structure and drop under 50EMA
CADMXN is holding strong at a significant weekly support zone, aligning with the 50EMA 🟢. Sellers are losing steam as price stabilizes, hinting at a potential bullish reversal. This level has historically acted as a base for upward moves, making it a key zone to watch.
Daily Chart Explanation:
On the daily chart, price action confirms a shift in momentum. Buyers have stepped in and successfully broken internal bearish structure, indicating a transition to the buy side 📈. The structure break signals that bulls are gaining control, and the market sentiment is turning positive.
4H Chart Explanation:
The 4H chart shows a clear bullish structure with higher highs (HH) and higher lows forming. Price is holding above the 50EMA, a strong indicator that the bullish momentum is now in play. The alignment of structure and moving average further supports long entries.
Plan:
🔹 Bias: Bullish
🔹 Entry: Look for pullback into 4H demand zone or dynamic support near 50EMA
🔹 Targets:
• TP1 – Previous swing high on Daily
• TP2 – Next major resistance zone from Weekly
🔹 Invalidation: Break below 4H higher low structure and drop under 50EMA
Nota
First entry triggered.
Aviso legal
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.