📊 CAD/CHF 4H Technical Outlook:
Breakout & Retest ScenarioMarket Structure: Following a sharp bearish correction from the upper boundaries of an ascending channel, price action aggressively broke out of the local descending counter-trendline.
Immediate Price Behavior (The Retest): The market is currently experiencing a bullish structure shift via a relief bounce. A minor upside continuation is expected to retest the broken diagonal support-turned-resistance or the structural horizontal pivot zone near 0.58604.
Bearish Continuation Targets: If sellers successfully defend the 0.58604 retest structural level and print clean rejection candles, a secondary impulsive leg down is projected to target the defined downside levels:
Target 1 (Intermediate Structure): 0.58204
Target 2 (Major Demand Zone): 0.58061 (aligning with the highlighted primary horizontal support block).
Breakout & Retest ScenarioMarket Structure: Following a sharp bearish correction from the upper boundaries of an ascending channel, price action aggressively broke out of the local descending counter-trendline.
Immediate Price Behavior (The Retest): The market is currently experiencing a bullish structure shift via a relief bounce. A minor upside continuation is expected to retest the broken diagonal support-turned-resistance or the structural horizontal pivot zone near 0.58604.
Bearish Continuation Targets: If sellers successfully defend the 0.58604 retest structural level and print clean rejection candles, a secondary impulsive leg down is projected to target the defined downside levels:
Target 1 (Intermediate Structure): 0.58204
Target 2 (Major Demand Zone): 0.58061 (aligning with the highlighted primary horizontal support block).
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.