CADCHF 12H TECHNICAL ANALYSIS ๐
๐ง New Uptrend Forming โ Buyers May Be Stepping In Below 0.59345
OVERALL TREND
๐ SHIFTING TO UPTREND โ After weeks of falling prices, CADCHF is showing signs of turning around. Momentum might be changing in favor of buyers.
๐ดRESISTANCE LEVELS
๐ฏTARGETS FOR BUYERS (TP = Take Profit)
๐กSUPPORT LEVELS
๐คWHAT THE CHART IS TELLING US
TRADING IDEAS FOR BEGINNERS ๐งญ
๐RECOMMENDED 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
โBe patient. Be consistent. Be disciplined. Thatโs how you grow.โ
๐ง New Uptrend Forming โ Buyers May Be Stepping In Below 0.59345
OVERALL TREND
๐ SHIFTING TO UPTREND โ After weeks of falling prices, CADCHF is showing signs of turning around. Momentum might be changing in favor of buyers.
๐ดRESISTANCE LEVELS
- ๐ด 0.64072 โ Pivot High | Seller's Stoploss
- ๐ด 0.63787 โ Sell Zone II (Lower high)
- ๐ด 0.63211 โ Sell Zone I (First trouble spot for buyers)
๐ฏTARGETS FOR BUYERS (TP = Take Profit)
- ๐ฏ 0.62920 โ BUY ORDER & TP 4
- ๐ฏ 0.61817 โ BUY ORDER & TP 3
- ๐ฏ 0.61191 โ BUY ORDER & TP 2 | Mid-Pivot
- ๐ฏ 0.60212 โ BUY ORDER & TP 1
๐กSUPPORT LEVELS
- ๐ก 0.59345 โ First Buy Zone (current price)
- ๐ก 0.59210 โ Support Level
- ๐ก 0.58598 โ Buy Zone II (lower entry)
- ๐ก 0.58482 โ Minor Support
- ๐ก 0.58310 โ Pivot Low | Buyer's Stoploss
๐คWHAT 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 ๐งญ
- ๐ Look to buy if price stays above 0.58598 and moves toward 0.60212
- ๐ Avoid buying if price starts closing below 0.58310
- ๐ Watch the area between 0.59345 and 0.60212 โ it could be the launchpad for the next move up
๐RECOMMENDED 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
โBe patient. Be consistent. Be disciplined. Thatโs how you grow.โ
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Professor C. E. Ward
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.