FX:USDCAD   U.S. Dollar / Canadian Dollar
Based on SMC analysis, it appears that the price is likely to reverse from a significant order block area at the bottom. This analysis is rooted in the higher time frame (HTF) structure, which is still showing an upward trend, presenting a strong opportunity for a long position. Additionally, the price has grabbed the liquidity from the previous major bottom, increasing the likelihood of another upward movement as seen in the HTF. Entry points are best identified on lower time frames (LTFs), such as the 15-minute chart. If the price shows negative signals, immediate action will be taken by the Falcons team members.
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.