CAD/CHF
Panjang

New Uptrend Forming โ€” CADCHF Buyers May Be Stepping In

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CADCHF 12H TECHNICAL ANALYSIS ๐Ÿ”
๐Ÿง  New Uptrend Forming โ€” Buyers May Be Stepping In Below 0.59345

OVERALL TREND
๐Ÿ“ˆ SHIFTING TO UPTREND โ€” After weeks of falling prices, CADCHF is showing signs of turning around. Momentum might be changing in favor of buyers.

๐Ÿ”ดRESISTANCE LEVELS
  • ๐Ÿ”ด 0.64072 โ€” Pivot High | Seller's Stoploss
  • ๐Ÿ”ด 0.63787 โ€” Sell Zone II (Lower high)
  • ๐Ÿ”ด 0.63211 โ€” Sell Zone I (First trouble spot for buyers)


๐ŸŽฏTARGETS FOR BUYERS (TP = Take Profit)
  • ๐ŸŽฏ 0.62920 โ€” BUY ORDER & TP 4
  • ๐ŸŽฏ 0.61817 โ€” BUY ORDER & TP 3
  • ๐ŸŽฏ 0.61191 โ€” BUY ORDER & TP 2 | Mid-Pivot
  • ๐ŸŽฏ 0.60212 โ€” BUY ORDER & TP 1


๐ŸŸกSUPPORT LEVELS
  • ๐ŸŸก 0.59345 โ€” First Buy Zone (current price)
  • ๐ŸŸก 0.59210 โ€” Support Level
  • ๐ŸŸก 0.58598 โ€” Buy Zone II (lower entry)
  • ๐ŸŸก 0.58482 โ€” Minor Support
  • ๐ŸŸก 0.58310 โ€” Pivot Low | Buyer's Stoploss


๐Ÿค“WHAT THE CHART IS TELLING US
  • Price recently bounced off 0.58310 โ€” showing buyers are protecting this level
  • Multiple buy orders are lined up between 0.58482 and 0.59345
  • If price moves above 0.60212, buyers may push toward 0.61817 or higher
  • If price falls below 0.58310, the setup may no longer be valid


TRADING IDEAS FOR BEGINNERS ๐Ÿงญ
  • ๐Ÿ“ˆ Look to buy if price stays above 0.58598 and moves toward 0.60212
  • ๐Ÿ“‰ Avoid buying if price starts closing below 0.58310
  • ๐Ÿ‘€ Watch the area between 0.59345 and 0.60212 โ€” it could be the launchpad for the next move up


๐Ÿ“‹RECOMMENDED SETUPS

SAFE APPROACH (Beginner-Friendly):
โ€” Buy Around: 0.58598
โ€” Take Profit: 0.60212 / 0.61191 / 0.61817
โ€” Stop Loss: Below 0.58310

QUICK SCALP OPTION (Faster Trades):
โ€” Buy on a bounce from 0.59210 or 0.58598
โ€” Target: 0.60212
โ€” Stop Loss: Just under 0.58310

โ€œBe patient. Be consistent. Be disciplined. Thatโ€™s how you grow.โ€

Penafian

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