CAD/CHF - Weekly OutlookHey guys, im starting to get a Following pretty quickly and I appreciate all the kind words and support. The more I get from you guys the more Ill do in return.
Weekly Breakdown for CAD/CHF.
Starting off in the Weekly TF we can notice clearly we are Bearish. We will be following suit for this Trend but starting things off market out the 50% level on the Weekly for my Discount zone. Also marked out two zones of Imbalance that I could possibly see price move into. Below our first Imbalance we can see a Mitigation Block which could be a point where we see our reversal after Liquidity has been taken OR we could see price move into the second zone of Imbalance of which price could hit a marked Supply zone before having a reversal. Both of those options are possible.
On the Medium Time frame being the Daily we can see a clear shift in the Market which created Buy side Liquidity and an Imbalance (not market)... We also created a pullback to following a strong Bullish Trend then opening a Strong Mitigation Block for us of which price has respected and move from by simply tapping into with the wick on the 4H. The wick also took our that Sell side Imbalance/Liquidity now helping us create our Second Leg for a Buying opportunity. I have marked out a possible target for Liquidity. Once price move back into that higher TF Discount zone then I will be looking for my next entry for a Sell.
4H shows Bullish Price action. Although I have another Idea ive shared for that Entry.
Thank you all again for all the support. I will be trying to do Weekly Market Outlooks on the weekend consistently so make sure to follow me and share my trade Ideas
Cheers and good luck.
