New Uptrend Forming — CADCHF Buyers May Be Stepping InCADCHF 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.”
