CADCHF Potential Long Setup #4 (High Probability Reaction)

STRONG BULLISH BIAS

Multiple trading approaches align on the left side of the chart, indicating strong long-side participation:

--> Support & resistance reversal traders

--> Moving average traders

--> Trendline breakout traders

--> Pullback traders

--> Support & resistance breakout traders

This multi-school alignment significantly increases the probability of continuation to the upside.

TRADE SETUP
1) Area of High Confluence

Support characteristics:

--> Multiple rejections (5 touches)

--> Recently formed (close to the left)

--> Acted as both support and resistance

--> Very clear and easy to identify

Candlestick confirmation:

--> Two consecutive hammers

--> Color change candle

--> Bullish engulfing candle

EMA 50 perfectly aligned

Trendline perfectly aligned

Fibonacci 61.8% (deep pullback at the golden level)

📍 STOP LOSS

Placed below:

- Support zone
- Wick rejections
- Trendline
- EMA 50
- Fibonacci 61.8%
➡️ Strong multi-layer protection for higher trade safety

🎯 TAKE PROFIT AREA

- Swing High
- Fibonacci 61.8% extension
➡️ High-probability reaction zone

📈 If you appreciate clean, rule-based, and well-explained trading ideas, feel free to follow.
Your thoughts and perspectives are welcome in the comments.

⚠️ Disclaimer
This analysis is for educational purposes only and does not constitute financial advice.
Trading involves risk—always conduct your own analysis.
I am not responsible for any decisions or losses based on this idea.