🔹 Post Static Level Breakout in Daily Timeframe: Following the breakout of a static level in the daily timeframe and subsequent weakness, there's a possibility of a false breakout with a strong upward movement.
🔹 Entry Trigger on Exiting Consolidation: Exiting the specified consolidation zone can be considered as an entry trigger.
🔹 Potential Downward Movement: The likelihood of a downward movement in line with the primary market trend remains high. This analysis can be used to enter the market in higher timeframes or after direction clarification in lower timeframes, according to your strategy.
🔑 Related Categories:
Breakout Analysis
Consolidation and Trigger Points
Market Entry Strategies
How are you approaching the CAD/CHF pair? What’s your strategy for entering this market? Share your views and tactics! 💬🌐
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📚 Remember: Forex trading involves significant risks. Stay informed and always align your trades with your personal trading strategy and risk management rules! 🧠💼