CADCHF Weekly Buy - Yearly low retrace zone, swing buy

Mar 14, 2023

The CADCHF has formed a higher low with a trendline breakout at the yearly rejection zone. There is a high probability that it will retrace back to the previous consolidation zone, making it a perfect swing trade opportunity. We can begin building some buy orders at this point.

Mar 14, 2023

Trade active

Mar 15, 2023

Note

I closed the trade with a nice +2% profit because the buying impulse was too high during the day.