CADSGD – 4H Chart: Watching for 3rd Touch on Downtrend Line

Good morning,

Price is approaching the 3rd bounce area of the downward trendline on the 4-hour chart — a key structure zone to watch.

At the moment, momentum is still pointing up, which means buyers are still showing strength.
Before we consider any short setups, we’ll need to see momentum flatten or start pointing down — ideally high and rolling over — to confirm potential continuation with the trend.

Only then will we drop to the 1H and 15M charts to look for VMS alignment and possible entry triggers.

For now, this one stays on the watchlist. Patience first — structure, volume, and momentum must all agree before we act.

#CADSGD #VMS #ForexAcademy #ForexTrading #Downtrend #TrendlineBounce #StructureFirst #AlignedExecution