Not that I am calling the bottom on USDCAD, even though that I believe that the tops and bottoms on an asset can be ascertained with high accuracy. What I see in price says the bottom of USDCAD is near
Price seems to be in a consolidation, which means that the manipulation would occur after taking out the sellside Liquidity that is below current price.
After the manipulation comes the distribution to the upside towards the Buyside Liquidity
What I want to see in price is for price to reach into the Sellside Liquidity with event of the FOMC news and then rally to the upside
TRADE WITH IMPECABLE RISK IF YOU WANT TO TAKE A TRADE RED FOLDER NEWS EVENT LIKE FOMC
Price seems to be in a consolidation, which means that the manipulation would occur after taking out the sellside Liquidity that is below current price.
After the manipulation comes the distribution to the upside towards the Buyside Liquidity
What I want to see in price is for price to reach into the Sellside Liquidity with event of the FOMC news and then rally to the upside
TRADE WITH IMPECABLE RISK IF YOU WANT TO TAKE A TRADE RED FOLDER NEWS EVENT LIKE FOMC
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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.
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.