OANDA:USDCAD   U.S. Dollar / Canadian Dollar
The nice demand zone mitigation aggressively hiked price to level 1.35679 while creating significant areas in between. Acknowledged e remarkable drop which slightly respected the fair value gap, made a minor contraction and persistently dropped to spike the inducement and simultaneously respected the imbalance. The market started to ascend and created three drives to push to the upside and made equal highs. With is equal highs drop, the anticipation is for price to mitigate the nearest demand zone and go bull to the supply zone. The supply zone shall active sellers and gives us a swift bearish market to levels 1.34158 and 1.34042. However, this beautiful setup has an alternative as well…

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.