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.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.