The ECB are due for a rate cut this week (expectations are certain). The RBA will likely be the last bank to cut rates. Technically on the HTF EA is distribution, and in current time. Will be looking in this region for confirmation for shorts, will expect the Euro to strengthen before the cuts toward this selling zone. Best pricing area for shorts.
Looking for shorts following order flow. Makes sense with correlation to OIL prices increasing !
Can see price distributing on the HTF, with LTF fractal accumulations. Little buys towards the big move, also makes sense fundamentally with the continuation of OPEC oil production cuts, increasing demand for Oil, therefore appreciating the Canadian $ !
Posted to the members of CTA, Can see price accumulating on the HTF, with a current price double accumulation movement. Looking to swing off the 13H Supply with LTF confirmation ! @ZH-FX
We can see price distributing on the High Time Frame, and current price distributing settings us up. for our entry within the Supply area ! Looking for Low Time Frame confirmation to enter.
Can see price accumulating on the HTF, Creating a MSOS validating our uptrend bias. Looking to enter on the 2H Demand with LTF confirmation, targeting the Daily Demand and Liquidity above !
Can see price creating signs of weakness in its distributing price fluctuation. Can see an entry in this SUPPLY area for shorts targeting the imbalance and liquidity below.