This week we saw a dump in all the CAD pairs and I was a beneficiary of that dump. I took a sweet short on NZDCAD. This coming week, AUDCAD has lined up well for a sweet long. On the monthly timeframe, we are on a critical demand level, and on the daily, we have buy-side liquidity to take before heading to my TP.
I will be monitoring this pair for a CHOCH before going long.
I would advise you to observe for manipulations before the bullish move so you don't take a hit.
Here is the NZDCAD setup I took which played out perfectly.
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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.