Long Idea: CADCHF | Quick Bounce Setup

Pair: CAD/CHF
Bias: Long 📈 (Short-term)
Timeframe: Intraday (1H / 15M)

CADCHF is showing signs of support at the 0.61600 level after recent selling pressure. This area aligns with prior structural support, indicating a potential bounce opportunity for a quick scalp trade.

Trade Plan:
Entry: 0.61600
Take Profit: 0.61800 (20 pips 🎯)
Stop Loss: 0.61400 (20 pips 🚫)
Risk-to-Reward Ratio: 1:1 ✅

Price tested 0.61600 multiple times, creating solid short-term support.
Potential short-covering rally towards minor resistance at 0.61800.
Move SL to break-even once price reaches +10 pips to secure position.