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AlkalineFX
Jul 18, 2022 9:46 AM

USDCAD: Weak Demand 🚨 Short

U.S. Dollar/Canadian DollarFXCM

Description

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When price gets delivered to a demand zone in a compression format, It usually means a liquidity grab is coming.

Price could either fall through the demand zone aggressively OR gives buyers an initial lure before dying off as illustrated.

Either way, this is a great pair to watch today!

Let me know what you think in the comment section 💬

Comments
FOREXN1
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Thanks for sharing , good idea
AlkalineFX
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@FOREXN1, Anytime!
Tolberti
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The liquidity has been taken. But the pressure from bears is still pretty high. Nice work!
AlkalineFX
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@Tolberti, Down we go!
TopTradingSignals
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Quality post mate!
AlkalineFX
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UnitedSignals
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Very good analysis on USDCAD bro!
AlkalineFX
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@UnitedSignals, Cheers bro!
VasilyTrader
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Good market breakdown!
AlkalineFX
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@VasilyTrader, Cheers bro!
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