Hello guys.
CFX just broke out of a long-term downtrend line, showing strong bullish momentum. After this sharp impulse, we're now patiently watching for the pullback zone.
Here’s my plan:
✔ First plan: Looking for a reaction around the breakout retest zone (0.1500–0.1300). This is the ideal area for a bullish continuation if buyers step in early.
✔ Backup plan: If the price drops deeper, the second demand zone (around 0.1060–0.0950) is where we’d expect stronger buyer defense.
Potential upside target: 0.31+, where price previously showed strong selling pressure.
CFX just broke out of a long-term downtrend line, showing strong bullish momentum. After this sharp impulse, we're now patiently watching for the pullback zone.
Here’s my plan:
✔ First plan: Looking for a reaction around the breakout retest zone (0.1500–0.1300). This is the ideal area for a bullish continuation if buyers step in early.
✔ Backup plan: If the price drops deeper, the second demand zone (around 0.1060–0.0950) is where we’d expect stronger buyer defense.
Potential upside target: 0.31+, where price previously showed strong selling pressure.
Trade active
👉 My recommended broker: bit.ly/HYMCMELI
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Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
👉 My recommended broker: bit.ly/HYMCMELI
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
____
Telegram: t.me/melikatrader94
Forex: t.me/melikatrader94GoldForex
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.