Possible selling opportunity in EUR/CAD very soon! As you can see it looks like we have been going through a type 1 Wyckoff Distribution schematic at our point of interest which means that institutions and banks could be trying to gather liquidity by stopping out all the buyers and sellers before a big push off. As its a distribution schematic we will be looking to go short. Price has come into a key last area of support which if we see bearish selling pressure from here i will be looking to enter. To add confluence to this we are bullish on CAD and yesterday we noticed a big Wyckoff Accumulation schematic on CAD CHF which has been melting today from which i will be looking for another entry point!
Feel free to leave any comments about the idea!
Feel free to leave any comments about the idea!