Forex48_TradingAcademy

CADCHF Long setup with liquidity zone!

Long
OANDA:CADCHF   CAD/CHF
On CAD/CHF, we have a short setup with a dominant trendline on the H4 timeframe. However, I've noticed that the price has ventured to gather liquidity beneath the 0.64800 level, suggesting a potential reversal soon. If the price were to turn before entry, I'll await a breakout of the swing high at the 0.6507 level. Subsequently, I'll watch for a retracement in the range of 0.6480-0.65. In the presence of promising H1 candles or even better, a demand zone, I would enter the market with a stop below the swing low, precisely at the 0.6460 level. The target would then be the 0.66100 level, where a swing high is located. Wishing successful trading to all!





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