CADCHF Bearish Opportunity - Orderblock SMC FVG📉 CADCHF Bearish Trade Setup - Notable Orderblock SMC FVG Identified
🔍 Technical Analysis:
CADCHF presents a compelling bearish opportunity as it approaches the Orderblock SMC FVG zone.
Historical analysis suggests this area has served as significant resistance in the past.
Monitoring closely for potential bearish confirmation signals.
📊 Trade Plan:
Entry Point: Consider initiating a short position upon rejection or bearish confirmation within the Orderblock SMC FVG zone.
Stop Loss: Place above recent swing high to effectively manage risk.
Take Profit: Targeting potential support levels or prior lows.
🚨 Risk Management:
Employ sound risk management techniques, ensuring exposure is controlled.
Stay updated on economic events impacting CAD and CHF.
📈 Disclaimer:
This is not financial advice. Perform due diligence and trade responsibly.
👉 Note: Continuously monitor price action for real-time adjustments.
Happy Trading! 🌐💹
