Bitcoin price seems to have failed to drop below daily support and demand zone on whilw being pressured by strong dollar. By following trend, we mark demand zone and recent Structure broken as our poi. If price fails to continue falling, we might see price move above recent highs before any change of sentiment. Good luck
USDCAD M15 Short -
>Trade I took to finish off the week strong. This trade was seen as an example of an institutional order flow entry.
- Beautiful Trade here as market structure shifts and returns to the previous (M) Block Went to Ce, Consequent Encroachment .
- From there I went on to the smaller timeframe and found an entry to mitigate my stop...
Not much to say here!!! check out the linked (related idea) for a full overview of this trade and why its time to buy now. But basically, based on my last analysis for USDCAD the price broke the 1.3150 supply just like I had projected, went all the way up to around 1.3250, 100pips away from our final target, and came backdown to our 1.3150 (now) demand zone to...
