CADCHF - Bearish Setup at Key Resistance

10 Jan

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.

14 Jan

Dagangan aktif

17 Jan

Dagangan ditutup: sasaran tercapai

Target reached.