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Last week I thought price would go down and fill the imbalance left but boy was I wrong.
Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go:
We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle is a series of reaccumulations and the first one has just being completed
After showing a sign of strength, the pair closed at a 4HR institutional candle where they have their buy orders. i.e Not expecting price to go below that candle
For a low risk set up I would look for a wycoff accumulation in the lower time frame next week.
Beware of high impact news on wednesday and friday that affect the pair.
A spring is most likely to happen on friday but I would rathher wait for price to show me its hand.
Find previuos analysis atached below,
https://www.tradingview.com/x/eFMAkIcY/
https://www.tradingview.com/chart/USDCAD/XVDjfaBj-USDCAD-BULLISH/
Last week I thought price would go down and fill the imbalance left but boy was I wrong.
Far from speculation I have concrete evidence that usdcad will not see a new low form coupled up with a very nice narrative for the pair. So here we go:
We saw usdcad complete the accumulation phase after taking out all liquidity below. What follows next in the wycoff cycle is a series of reaccumulations and the first one has just being completed
After showing a sign of strength, the pair closed at a 4HR institutional candle where they have their buy orders. i.e Not expecting price to go below that candle
For a low risk set up I would look for a wycoff accumulation in the lower time frame next week.
Beware of high impact news on wednesday and friday that affect the pair.
A spring is most likely to happen on friday but I would rathher wait for price to show me its hand.
Find previuos analysis atached below,
https://www.tradingview.com/x/eFMAkIcY/
https://www.tradingview.com/chart/USDCAD/XVDjfaBj-USDCAD-BULLISH/
Not
Not
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.