USDCAD LOWS SWEPT
I call this climbing the stairs. Price smashes through strong lows/support, but pull back above the zone with a bullish engulfing leaving a powerful orderblock behind, as price moves upwards after
grabbing liquidity it will tend to retrace back to the tip of the block, then immediately reacts creating another bullish engulfing leaving another orderblock. and sometimes repeats this one more time.
BlOCK/engulf -BLOCK/engulf -Block/engulf
climb the stairs, take the trade apon retest of 2nd or 3rd block
grabbing liquidity it will tend to retrace back to the tip of the block, then immediately reacts creating another bullish engulfing leaving another orderblock. and sometimes repeats this one more time.
BlOCK/engulf -BLOCK/engulf -Block/engulf
climb the stairs, take the trade apon retest of 2nd or 3rd block
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.