CADCHF Weekly Buy - Yearly low retrace zone, swing buy

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.

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