POTENTIAL HIGHER TIMEFRAME BULLISH CORRECTION
CAD/CHF 15M - With this market price does look to be slowing down with regards to the Supply that is in this market, this suggest that bullishness could be underway. However price is still bearish.
We have had multiple structural breaks to the downside after penetrations of Supply Zones on both the higher and lower timeframes so with that I believe price maybe ready for a move to the downside.
I have gone ahead and marked out some of the most recent penetrations of supply Zones and how price has reacted, I have also drawn out the multiple structure breaks, we just want to see this bearishness continue.
Due to the behaviour of this market I have placed a scalp like short position on this market that I would like to see TP hit within the day, this is of course if the S&D balance stays in favour of Supply.
We have had multiple structural breaks to the downside after penetrations of Supply Zones on both the higher and lower timeframes so with that I believe price maybe ready for a move to the downside.
I have gone ahead and marked out some of the most recent penetrations of supply Zones and how price has reacted, I have also drawn out the multiple structure breaks, we just want to see this bearishness continue.
Due to the behaviour of this market I have placed a scalp like short position on this market that I would like to see TP hit within the day, this is of course if the S&D balance stays in favour of Supply.