🔹 Support & Resistance:
Strong support zone observed around 0.61170 - 0.61150 area.
Price has rejected this zone multiple times with strong bullish candles (pin bars / engulfing).
Resistance now lies near 0.61170 - 0.61150 – potential target zone or area for partial profit booking.
Trade Setup : CADCHF BUY
Entry: Break & retest of 0.61170 zone
SL: Below last swing low 0.60938
TP1: 0.61504
TP2: 0.61787
TP3 (Extended target): 0.61860 (based on higher timeframe structure)
Strong support zone observed around 0.61170 - 0.61150 area.
Price has rejected this zone multiple times with strong bullish candles (pin bars / engulfing).
Resistance now lies near 0.61170 - 0.61150 – potential target zone or area for partial profit booking.
Trade Setup : CADCHF BUY
Entry: Break & retest of 0.61170 zone
SL: Below last swing low 0.60938
TP1: 0.61504
TP2: 0.61787
TP3 (Extended target): 0.61860 (based on higher timeframe structure)
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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.
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.