DAILY TF was forming distribution (although not yet complete) , but I can see the orderflow because of the market structure. I go to 4h --3h--2h--1h TF and noticed some short intra day trade that became swing trade as it moves)
You can see in the chart that there was a supply (DBD formation) -march 22 friday. --> It was then validated by the market structure...
As you can see, USDCAD react from above supply and then manipulating highs in 1h- 30min-15min TF. (1.38770 supply) .
If you check the 1H TF , you will see a footprint of smartmoney making LH (this is the part where Im taking my pending sell order) mt5 platform. check chart for a detailed move aiming for another lower low in 4h and daily TF.
Today my trade was...
CADJPY Trade Review
I posted this Trade Analysis here on Wednesday. This trade was awesome. Price went up above the Weekly Supply and reached the top of the Liquidity Zone as i predicted in my previous post. The Banks and the big Institutions cleared the previous highs and the stop loss of retail traders who were in shorts (sells). Everyone believed the market...
