CADCHF 8H TECHNICAL ANALYSIS

OVERALL TREND
📈 Short-term bullish momentum
— price bouncing from support with upside potential toward resistance.

🎯 ENTRIES
🟢 Buy Limit: 0.5830
🟢 Buy Stop: 0.5835

🎯 TARGETS (TAKE PROFIT)
💰 TP 1: 0.5860 (short-term target)
💰 TP 2: 0.5899 (major resistance)

🔴 STOP LOSS
🔻 SL: 0.5810

📊 STRUCTURAL NOTES

• Market consolidating above 0.5820, showing bullish buildup.
  
• Double confirmation: Buy Stop triggers on breakout, Buy Limit catches retracement.
  
• Key rejection zone: 0.5860 (expect reaction).
  
• Major resistance: 0.5899 (potential final target).
  
• SL placed below rejection wick cluster (0.5810).
  

🧪 TRADE OUTLOOK

• Bias: Bullish toward 0.5860 → 0.5899
  
• Risk/reward = favorable (approx 1:2)
  
• If price closes below 0.5810, bullish structure invalid
  

⚡ SIGNAL FORMAT

• PAIR: CADCHF
  
• BUY LIMIT: 0.5830
  
• BUY STOP: 0.5835
  
• TP: 0.5860 → 0.5899
  
• SL: 0.5810