BlackTygaTrades

USDCAD for a possible bounce

Long
OANDA:USDCAD   U.S. Dollar / Canadian Dollar
Price first gave a retest on the previously established supply zone, forming liquidity at the same time. It then preceded to break this supply with momentum and the retraced back above a POI that it left behind with a huge imbalance. Since our supply zone was invalidated, this signaled a switch from bearish to bullish pressure and this has provided us with an opportunity to capitalize on this flip entry.
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