Hello Traders !
I decided to post USDCAD with an exact explanation.
Market Phase:
1) Accumulation Phase - Smart money, experienced traders and institution join the market
2) Re-Accumulation Phase - Here, more and more investors are joining the trend and ensuring higher prices.
3) Distribution - Is the origin and the initial phase of a bear market, at this stage, the market is often overbought
Compression:
It shows us the power of the Supply and Demand Zone. This is is typically a Uptrend or Downtrend till the next Supply or Demand Zone. From there the price will reverse.
Let me now in the comment section below your view on USDCAD and what you think about my Analysis.
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Thank you and we will see next time
- Darius.