daytradingmentor

USDCAD markup for week of 2/10/19

FX:USDCAD   U.S. Dollar / Canadian Dollar
Price reacted very strong to most recent institutional level visited... I am expecting price to continue to push up along with DXY at the beginning of the week creating a double top with the most recent high. If price creates a higher high then this theory may not play out. If price turns bearish after creating double top, wait for it to pull back on the 15min TF and enter the sell. I am expecting price to revisit the key institutional levels marked on the map as it falls along with DXY. Once SM clears their books of the marked institutional levels, this pair will need to be re-evaluated along with DXY to predict next move.
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