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.
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.
Operación activa
Operación cerrada: objetivo alcanzado
Target reached.
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👉Get 20% Deposit BONUS - bit.ly/trenddiva
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Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.