CADCHF | SELL Trade BreakdownCanadian Dollar / Swiss FrancFOREXCOM:CADCHFTradesByETook a short on CADCHF today — clean setup, didn't need much convincing. The Setup: The Previous Week Low had already been taken out, which had me on alert. I was then waiting for price to make its move on the Previous Month Low — specifically a full candle close below it, not just a wick. Once that close confirmed, that was enough for me to pull the trigger on the sell. Why this matters: PML's are levels where institutions have previously stepped in. When price breaks and closes beneath one — especially after the PWL is already gone — it tells you the demand at that zone is exhausted. Sellers are in the driver's seat and there's open space below. Target: 0.5666 zone Trade is live. Stops are placed. Now we wait. 📉