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tradingfrog
May 4, 2021 12:11 PM

USDCAD [Possible Long] Long

U.S. Dollar/Canadian DollarFXCM

Description

Price created a new higher high from a consolidations.
The consolidation of the previous downtrend also match Wyckoff accumulation Phase D or even Phase E.
Identified an imbalance from 4H gap.
Buy limit set a 50% of the 4H IM stop just below the IB area.

If possible and available will zoom in to lower timeframe when price come into the IB range.
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