Last year we witnessed an attack on a low made in 2008 and it was successful, but price was not willing to go lower. Instead it turned around and started to brake structure bullishly.
Are we in a buy programme now?
By comparing chart data with COT data we see that long book is growing exponentially starting from end of june this year.
All this and weakness in...
We have seen a nice shift in daily structure and now price is returning to retest it.
As confirmation of further move down 1 hour structure is broken bearish as well.
So I believe that this is initial move up at the beginning of weekly range and rest of week I do expect some down movement.
Is this is a ridiculous idea?
Today we successfully brake in to new highs after all that liquidity gain in last few days.
So for soon future a pullback is expected with entry on a logical levels.
All notes in chart.
Today retest of 4h and 1D structure brake panned out like a charm, so for tomorrow I will not discover new moon - there is still a planty of place to fall for USDCAD.
Notes in drawing
I believe that nfp will put me in this trade.
1D and 4h structure is broken bearish and we are returning back to those broken levels for retest that happens to be arround 60-70% fib.
We are in between two big structures and recent price action shows for second time that it don't want to go lower.
In the same time we see that recently there was made a high as well that was eliminated but without any continuation.
So because of all this, I believe that price will stay in consolidation and will recheck some higher price structure to decide a...
Just eliminated those previous lows and found support on previous structure - so there is no continuation after taking out those lows.
I believe there will be another entry after brake of recent highs and retest of this level
