High activity in high price zones with a bearish reaction. Looking like shorts building a big enough position to reverse the long-lasting bull trend for this pair.
Note
Bounced as expected.Note
Possibly opportunity for another short entry at the top again if you are looking for it. Still might be a bit too early to call a reversal on USD/CAD.. too risky for me but may scalp a no demand entry on the way back down if it presents itself.Note
I hope everyone grabbed there +100 pips here, at least once...
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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.