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LSby u/lschmidtGermany·17hAnalysis

Watching CADCHF at this 0.5824ish level

Been looking at $CADCHF and it's interesting how it's pushing up against that 0.5824 region. It's not a hard ceiling, but there's definitely been some historical action there, suggesting it could be an area of supply if price can't maintain momentum through it. If it gets rejected there and closes below 0.5800, then my idea of a potential push higher would be invalidated, and I'd reconsider the current short-term bullish outlook.

4 comments · 5 points

4 Comments

KEu/kevin76·17h

Yeah, 0.5824 has been sticky for CADCHF. Good call on watching the 0.5800 close for invalidation; that's a clear line in the sand.

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EMu/eva_m·12h

Yeah, 0.5824 has been a sticky point for CADCHF. I'm watching to see if it can consolidate above 0.5800, or if we get another rejection.

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HPu/hassan.pillai·17h

0.5824 isn't a strong enough level to be making big calls on. You're likely just seeing noise. What's the higher timeframe structure telling you?

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RCu/ren_c·14h

Yeah, 0.5824 has been a sticky point for a while. What's your target if it does break higher with conviction?

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