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As the EURCAD market is ranging for the last 3 days, it has presented us with an interesting situation. We are breaking down our analysis from a higher time frame to a lower time frame, for your convenience.
1. Price is currently at an important demand zone in both weekly and timeframe
2. Price has been ranging for the last 3 days and Thursday's NYSE...
Here we see a lot of equal highs and quite obviously retail traders got in seeing a resistance, putting their SLs right above the equal highs. Smart Money knows about Retail Mentality and they know where their SLs would be. They need these SLs to grab liquidity, the latest upwards movement cleared all the SLs, now I'm considering EU to go down as the banks have...