CAD/CHF
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New Uptrend Forming — CADCHF Buyers May Be Stepping In

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CADCHF 12H TECHNICAL ANALYSIS 🔍
🧠 New Uptrend Forming — Buyers May Be Stepping In Below 0.59345

OVERALL TREND
📈 SHIFTING TO UPTREND — After weeks of falling prices, CADCHF is showing signs of turning around. Momentum might be changing in favor of buyers.

🔴RESISTANCE LEVELS
  • 🔴 0.64072 — Pivot High | Seller's Stoploss
  • 🔴 0.63787 — Sell Zone II (Lower high)
  • 🔴 0.63211 — Sell Zone I (First trouble spot for buyers)


🎯TARGETS FOR BUYERS (TP = Take Profit)
  • 🎯 0.62920 — BUY ORDER & TP 4
  • 🎯 0.61817 — BUY ORDER & TP 3
  • 🎯 0.61191 — BUY ORDER & TP 2 | Mid-Pivot
  • 🎯 0.60212 — BUY ORDER & TP 1


🟡SUPPORT LEVELS
  • 🟡 0.59345 — First Buy Zone (current price)
  • 🟡 0.59210 — Support Level
  • 🟡 0.58598 — Buy Zone II (lower entry)
  • 🟡 0.58482 — Minor Support
  • 🟡 0.58310 — Pivot Low | Buyer's Stoploss


🤓WHAT THE CHART IS TELLING US
  • Price recently bounced off 0.58310 — 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 🧭
  • 📈 Look to buy if price stays above 0.58598 and moves toward 0.60212
  • 📉 Avoid buying if price starts closing below 0.58310
  • 👀 Watch the area between 0.59345 and 0.60212 — it could be the launchpad for the next move up


📋RECOMMENDED SETUPS

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

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

“Be patient. Be consistent. Be disciplined. That’s how you grow.”

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.