I am neutral on this pair this week unless the bottom supply zone will be clearly broken and then swiftly rejected for a long, otherwise if the bottom supply zone breaks and there is no bounce, you can instantly sell the pair and it will be a very strong sell signal.
Be careful on the longs for the USD/CAD as I could clearly see there is a lot of manipulation around that supply zone.
Pay attention to this week's news and tread carefully.
Be careful on the longs for the USD/CAD as I could clearly see there is a lot of manipulation around that supply zone.
Pay attention to this week's news and tread carefully.
Comment:
The price is getting closer to the supply box, with no strong rejection seen on smaller time frames, the pair may be preparing for SL hunts and a sharp move down.
Comment:
Price is in the supply box, still no strong rejection. Looks like a move down is imminent
Comment:
This is it, either the support holds or we see a big flush down now.
Trade active:
Trade activated at the retest of Higher lows, definitely worth the risk.
First target 1.33
Second and final target 1.34
First target 1.33
Second and final target 1.34