1. Bearish Order Flow: The order flow for EUR/CAD is currently displaying a bearish bias. This suggests that there is increased selling pressure in the market, potentially indicating a shift in sentiment towards the downside.
2. London High Liquidity Sweep: Analysis of the London trading session reveals a liquidity sweep at the high point. A liquidity sweep often signifies a significant market event, where a surge in trading activity leads to a temporary imbalance in supply and demand. This can act as a precursor to a reversal or a continuation of the existing trend. In this case, it aligns with the bearish sentiment.
3. Monday Low Strategy: By targeting the Monday low, you are capitalizing on a widely recognized trading strategy. This approach leverages the idea that the low or high of the first trading day of the week can be a critical level. If this level is breached, it can signal a potential continuation or reversal of the trend.
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