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AlkalineFX
Sep 5, 2022 8:42 AM

USDCAD: Trading @ Monthly Supply ✅ Long

U.S. Dollar/Canadian DollarFXCM

Description

Price has been delivered to the supply with a compression format, which leads me to believe the zone will not hold.

When we see compression delivery, we tend to see a liquidity grab of the area before sells or complete disregard for the zone.

I will be avoiding sells until dollar bulls calm down and liquidity from the order block is taken.

57% of traders are currently net short on this position, don't get caught in the liquidity grab.

Wait and then execute after! ⚠️



Comments
Vibranium_Capital
loving this idea
AlkalineFX
@Vibranium_Capital, Nice one mate!
JoeChampion
Makes sense, USDCAD will grow!
AlkalineFX
@JoeChampion, In due time!
ProjectSyndicate
setups that payout keep it up
AlkalineFX
@ProjectSyndicate, Respect man!!
Mihai_Iacob
I m also bullish usdcad, my target for medium term is 1.35.
Thanks for posting your chart
AlkalineFX
@Mihai_Iacob, We got this!
parissap
detailed and informative thank you
AlkalineFX
@parissap, Nice one bro!
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