CADCHF: Is That a Bear Trap?! 🇨🇦🇨🇭 for OANDA:CADCHF by VasilyTrader — TradingView

Support and Resistance Multiple Time Frame Analysis Candlestick Analysis CADCHF SMC smartmoney beartrap TRAP smartmoneyconcepts

supportandresistance mtfa candlestick cadchf smc smartmoney beartrap trap smartmoneyconcepts

snapshot

CADCHF is trading on a key daily support at the moment.

We can see that the price violated the underlined structure but then
suddenly bounced and returned above that.

It makes me think that it might be a bear trap.
We may expect a pullback to 0.6477 now.

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Comment:

The target was almost reached
I closed the trade on a breakeven

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