CADCHF BUY BIAS

Confluence 1 - “Daily Low Sweep”
• A liquidity sweep of a previous daily low occurred.
• This move typically indicates stop hunts and smart money accumulation, potentially setting up for a bullish reversal.

Confluence 2. Demand Zone (Grey Box)
• Area where price reacted after the sweep.
• Range: approximately 0.58100 – 0.58200
• Price currently respecting this zone, indicating potential bullish order block behavior.

🧠 Projected Price Path

The sketched movement indicates a plan for:
1. Break above current resistance
2. Pullback into breakout area (possibly retesting the demand)
3. Bullish continuation to 0.58470 and ultimately to 0.58800