Shorting EUR/CAD with Bearish Order Flow, London High Liquidity
1. Bearish Order Flow:
The order flow for EUR/CAD is currently displaying a bearish bias. This suggests that there is increased selling pressure in the market, potentially indicating a shift in sentiment towards the downside.
2. London High Liquidity Sweep:
Analysis of the London trading session reveals a liquidity sweep at the high point. A liquidity sweep often signifies a significant market event, where a surge in trading activity leads to a temporary imbalance in supply and demand. This can act as a precursor to a reversal or a continuation of the existing trend. In this case, it aligns with the bearish sentiment.
3. Monday Low Strategy:
By targeting the Monday low, you are capitalizing on a widely recognized trading strategy. This approach leverages the idea that the low or high of the first trading day of the week can be a critical level. If this level is breached, it can signal a potential continuation or reversal of the trend.
The order flow for EUR/CAD is currently displaying a bearish bias. This suggests that there is increased selling pressure in the market, potentially indicating a shift in sentiment towards the downside.
2. London High Liquidity Sweep:
Analysis of the London trading session reveals a liquidity sweep at the high point. A liquidity sweep often signifies a significant market event, where a surge in trading activity leads to a temporary imbalance in supply and demand. This can act as a precursor to a reversal or a continuation of the existing trend. In this case, it aligns with the bearish sentiment.
3. Monday Low Strategy:
By targeting the Monday low, you are capitalizing on a widely recognized trading strategy. This approach leverages the idea that the low or high of the first trading day of the week can be a critical level. If this level is breached, it can signal a potential continuation or reversal of the trend.
Disclaimer
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.