CADCHF is currently reacting from a strong supply zone on HTF 💎
After a weak bullish retracement, price has entered a fresh supply area, indicating potential continuation to the downside.
🔍 Market Structure:
Bearish trend continuation
Weak pullback into supply
Fresh unmitigated supply zone
Sellers likely to dominate 📉
🎯 TRADE PLAN:
✅ Sell Entry: 0.5740 – 0.5755 zone
🛑 Stop Loss: 0.5768
🎯 Target 1: 0.5685
🎯 Target 2: 0.5650
🎯 Target 3: 0.5620 (previous demand zone)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection wick) before entry — avoid early entry.
💡 Follow structure, not emotions. Let the market confirm.
After a weak bullish retracement, price has entered a fresh supply area, indicating potential continuation to the downside.
🔍 Market Structure:
Bearish trend continuation
Weak pullback into supply
Fresh unmitigated supply zone
Sellers likely to dominate 📉
🎯 TRADE PLAN:
✅ Sell Entry: 0.5740 – 0.5755 zone
🛑 Stop Loss: 0.5768
🎯 Target 1: 0.5685
🎯 Target 2: 0.5650
🎯 Target 3: 0.5620 (previous demand zone)
⚡ Execution Tip:
Wait for LTF confirmation (RBD / bearish engulfing / rejection wick) before entry — avoid early entry.
💡 Follow structure, not emotions. Let the market confirm.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.