USDCAD shows Price Actions that respects the Psychological Levels. I can see that it is showing Strong Selling Momentum as it keeps on breaking 1H Swing Lows. I would wait for the price to retrace near my plotted Supply Areas then Go to the lower Timeframe to finally Plot an entry.
BTCUSD looks so bearish
from WEEKLY TO 4H TF PERSPECTIVE.
WYCKOFF THEORY SUGGESTS
that the first stage looks like
accumulation, but on the later parts
as the consolidation continues,
it slowly formed the stage
where "RE-Distribution" was
printed. This also
gives the confluence
from the liquidity
Build Up from the
Support Area, Near
Weekly Major Support.
Looking for a retest on the 0.38 Fibbo golden zone, and a possible left shoulder the possible inverted shoulder pattern. If this Zone is broken and prints below 0.23 fibbo level, i change my bias to short.
