The market has been in an uptrend, forming higher highs and higher lows after a previous strong downtrend.
Currently, CADCHF is testing a key resistance level (0.6185 - 0.6190), with signs of consolidation.
A slight retracement is expected before a potential breakout to the upside.
Key Levels:
Resistance Levels:
0.6225 – First target after breakout.
0.6265 – Major resistance zone and final target.
Support Levels:
0.6130 - 0.6140 – Potential retest zone before further upside.
0.6050 – Strong demand zone (invalidates bullish bias if broken).
Trade Plan:
📉 Pullback Entry: Waiting for a small retracement to the 0.6140 zone before entering long.
📈 Bullish Breakout Confirmation: A break and close above 0.6190 could confirm further upside towards 0.6225 - 0.6265.
Final Outlook:
Bias: Bullish above 0.6140, bearish below.
Risk Management: Stop loss below 0.6130.
Potential Reward: A successful breakout can provide +80 pips upside.
Currently, CADCHF is testing a key resistance level (0.6185 - 0.6190), with signs of consolidation.
A slight retracement is expected before a potential breakout to the upside.
Key Levels:
Resistance Levels:
0.6225 – First target after breakout.
0.6265 – Major resistance zone and final target.
Support Levels:
0.6130 - 0.6140 – Potential retest zone before further upside.
0.6050 – Strong demand zone (invalidates bullish bias if broken).
Trade Plan:
📉 Pullback Entry: Waiting for a small retracement to the 0.6140 zone before entering long.
📈 Bullish Breakout Confirmation: A break and close above 0.6190 could confirm further upside towards 0.6225 - 0.6265.
Final Outlook:
Bias: Bullish above 0.6140, bearish below.
Risk Management: Stop loss below 0.6130.
Potential Reward: A successful breakout can provide +80 pips upside.
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📊 Forex Signals | Free Daily Alerts
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
✅ 85% Accuracy | 1–2 Signals/Day
💰 Profitable Trades Sent Daily – No Cost
📲 Join Us on Telegram
t.me/ultreos_forex
🎯 Upgrade to VIP:
ultreosforex.com/
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.