CADMXN Breaks Structure – Buy Opportunity Above Support

Wait 5 sec.

CADMXN Breaks Structure – Buy Opportunity Above SupportCADMXNPEPPERSTONE:CADMXNAmitradingOverview (Weekly Timeframe): CADMXN is holding strong at a significant weekly support zone, aligning with the 50EMA 🟢. Sellers are losing steam as price stabilizes, hinting at a potential bullish reversal. This level has historically acted as a base for upward moves, making it a key zone to watch. Daily Chart Explanation: On the daily chart, price action confirms a shift in momentum. Buyers have stepped in and successfully broken internal bearish structure, indicating a transition to the buy side 📈. The structure break signals that bulls are gaining control, and the market sentiment is turning positive. 4H Chart Explanation: The 4H chart shows a clear bullish structure with higher highs (HH) and higher lows forming. Price is holding above the 50EMA, a strong indicator that the bullish momentum is now in play. The alignment of structure and moving average further supports long entries. Plan: 🔹 Bias: Bullish 🔹 Entry: Look for pullback into 4H demand zone or dynamic support near 50EMA 🔹 Targets:  • TP1 – Previous swing high on Daily  • TP2 – Next major resistance zone from Weekly 🔹 Invalidation: Break below 4H higher low structure and drop under 50EMA