CADCHF - Range Bottom Reversal with Triple ConfluenceCAD/CHFOANDA:CADCHFMr3PercentMarket Context: The price has been trading within a well-defined support and resistance range on the 4H timeframe. After a bearish leg, the price has returned to the major range floor. I am tracking a high-probability reversal setup backed by triple technical confluence. Technical Analysis: Triple Confluence Logic: Key Horizontal Support: Price has tested a historical Strong Support Area, where strong buying interest has historically emerged. Chart Pattern: A clear Double Bottom structure has developed at this range floor, indicating a failure by sellers to push lower. Momentum Indicator: The reversal pattern is fully supported by a textbook Bullish RSI Divergence, signaling that the downward momentum has completely faded. Confirmation: A decisive break above the immediate local neckline validates the shift in sentiment from bearish to bullish. Trade Plan: Entry Point: Long entry placed a few points above the confirmed Double Bottom neckline breakout. Stop Level: Placed strictly below the lowest point of the Double Bottom pattern to protect equity if the structure gets invalidated. Target (TP): Aiming for a 1:1 Risk/Reward ratio targeting the upper resistance zones of the range. Risk Management: Strictly managed at 0.75% risk per trade. Disclaimer: This analysis is for educational purposes only. Always wait for a confirmed candle close above the breakout level to ensure institutional momentum is behind the move.