CADCHF Squeeze Between OB and Trendline – Big Move Coming?
CADCHF is compressing within a descending triangle structure, showing signs of bullish intent as it continues to reject a key demand + 1H order block area.
🔹 Trade Idea:
I’m watching for a bullish breakout above 0.58380, which will also confirm a trendline breakout from the descending triangle. Until then, I remain on the sidelines.
🔹 Key Technical Factors:
- Price consolidating inside a descending triangle, squeezing between lower highs and a consistent demand zone
- Repeated rejections from the green demand zone suggest buyers are defending the level strongly
- A clean order block (1H) is aligned with the bottom of this structure, adding confluence for a bullish move
- Above 0.58380 breakout may trigger momentum toward 0.58630, near the supply zone
🔹 Trade Plan:
+ Buy above: 0.58380 (on breakout + close above trendline)
+ First Target: 0.58630 (next resistance/supply area)
* Invalid if: price breaks and holds below the demand zone
⚠️ Note: Entry is only valid on confirmed breakout. Until then, patience and watchfulness around structure edges are key.
🔹 Trade Idea:
I’m watching for a bullish breakout above 0.58380, which will also confirm a trendline breakout from the descending triangle. Until then, I remain on the sidelines.
🔹 Key Technical Factors:
- Price consolidating inside a descending triangle, squeezing between lower highs and a consistent demand zone
- Repeated rejections from the green demand zone suggest buyers are defending the level strongly
- A clean order block (1H) is aligned with the bottom of this structure, adding confluence for a bullish move
- Above 0.58380 breakout may trigger momentum toward 0.58630, near the supply zone
🔹 Trade Plan:
+ Buy above: 0.58380 (on breakout + close above trendline)
+ First Target: 0.58630 (next resistance/supply area)
* Invalid if: price breaks and holds below the demand zone
⚠️ Note: Entry is only valid on confirmed breakout. Until then, patience and watchfulness around structure edges are key.
Dagangan ditutup: sasaran tercapai
Target Reached
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.