CADCHF – 3rd Week of March

Weekly Chart The market seems to hold a bullish structure with the market closing with an engulfing candlestick pattern this week. This gives short-run bullish trades a higher winning probability and that’s what we want.
Daily Chart The market has recently broken off from the bearish channel with a strong bullish momentum that has too, smashed previous bearish structure high. This signifies the higher probability of an inefficient selling next week with the influx of buyers.
4 Hour Chart The following week I would be looking for a retracement in either the 4/1 Hour timeframe before entering. I’ll too, be looking for an exhaustion on that retracement before entering, this is to keep my RR ideal and holding my position for the long run (top green line at 0.76239) possible.

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