CADCHF 1HR — SELL FROM 78% PREMIUM ZONE | GOLDMINE IN ACTION

Wait 5 sec.

CADCHF 1HR — SELL FROM 78% PREMIUM ZONE | GOLDMINE IN ACTIONCanadian Dollar vs Swiss FrancICMARKETS:CADCHFthefxmbrandPrice on CADCHF has been in a sustained bearish trend, consistently printing lower highs and lower lows across the entire structure visible on the 1H chart. A clear descending trendline has been respected multiple times, acting as dynamic resistance and rejecting every attempted recovery. After a sharp drop into the 0.5650 lows, price has now bounced and is pushing into a high-probability sell zone — the 78% Fibonacci retracement level sitting at 0.5719 – 0.5720, labeled clearly on the chart as the Premium Zone. This is a textbook Goldmine Strategy setup. The trend is bearish. The structure is bearish. Price is retracing into premium. The sell is the only trade that makes sense here. Key Confluences: Sustained bearish trend — lower highs and lower lows confirmed across the entire structure Descending trendline acting as dynamic resistance — multiple rejections already printed 78% Fibonacci retracement at 0.5719 – 0.5720 — premium zone identified Supply zone overhead at 0.5719 – 0.5740 aligning with the trendline and fib level RSI showing overbought conditions on the lower timeframe — momentum exhaustion signal Bearish structure intact — no CHOCH to the upside has been confirmed Price currently approaching the premium zone from below — ideal sell setup forming Trade Plan (SELL): Entry Zone: 0.5712 – 0.5720 (78% fib / premium zone / trendline confluence) Confirmation: 30M or 1H bearish CHOCH or strong rejection wick at the premium zone SL: Above 0.5740 (above supply zone ceiling / trendline break / full invalidation) TP1: 0.5681 (immediate support / first demand area) TP2: 0.5657 (mid structure) TP3: 0.5640 (recent lows) Extended TP: 0.5600 (full bearish continuation target) RR: Approximately 1:3 to 1:5 Management Plan: At TP1 (0.5681) close 35% of position and move stop to breakeven At TP2 (0.5657) close another 35% and trail stop behind every 1H lower high Let final 30% run to 0.5600 for the full extended target If price closes above 0.5740 on a 1H candle — exit immediately, trendline is broken and thesis is invalidated Invalidation: Any 1H close above 0.5740 cancels the sell entirely. A clean break above the descending trendline and supply zone ceiling would signal a structural shift and the bearish bias would need to be reassessed. CADCHF 1HR — GOLDMINE STRATEGY SELL FROM 78% PREMIUM ZONE 0.5719 | BEARISH TREND CONTINUATION | TARGETING 0.5600