New Uptrend Forming — CADCHF Buyers May Be Stepping In

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.”