Hello traders, welcome back to another market breakdown.
CADCHF has been trading around a Key Macro level. The bulls seem to be reclaiming a KEY Macro level many times which is a bullish signal. I'm waiting for the price to pull-back to the previous S/R zone.
Nice analysis on identifying a suitable buy zone that the price has respected multiple times in the past. I suspect the price might be above the Ichimoku cloud, which is a good sign of bullish momentum. It appears that the buy zone might align with the 50% Fibonacci retracement too. Let's see how this works out.