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USDCAD Bullish drive through to Supply
U.S. Dollar / Canadian Dollar
Long
USDCAD Bullish drive through to Supply
By IllusiveShroud
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Oct 31, 2022
0
2
2
Oct 31, 2022
After a swift move to the downside, price has set up a few supply zones and found support below them.
After multiple rejections price was on its way down but has pushed above supply.
It is my opinion that USDCAD is now on it's way to mitigate the initial imbalance and return to the initial supply at Target 2.
There may be some traffic on the way, which is why we will take partials at Target 1.
Chart Patterns
Supply and Demand
Trend Analysis
IllusiveShroud
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