CADCHF is trying to hunt the strong internal liquidity zone around 0.68 and then we can expect some reversal movements, the order block (0.684) could be a strong zone for entering sell positions, it would aim for the trendline liquidity, and the external liquidity [0.647]
Note
It just touched the order block and instantly showed a reaction, it would go for the trendline liquiditiyTrade closed: target reached
It hunted the trendline & external liquidity, now we can expect some bullish minor correction wavesNote
with a great drawdown, it went all the way to touch the liquidity and now it got the liquidity and it would be risky to be bearish in short-term
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.