USDCAD
Looking at USDCAD, the overall order flow remains bullish, but we're currently seeing a retracement. I'm anticipating a continuation to the upside. At the moment, we have an unmitigated demand zone, which is valid due to a liquidity sweep and a change of character originating from this zone. From there, the market created a new high at 1.41053.
Now, we need to fill the inefficiency, wipe out the inducement, and wait for an entry on a lower timeframe once the price taps into our demand zone. Ideally, price will sweep the resting liquidity and take out the internal liquidity, confirming the bullish continuation.
Now, we need to fill the inefficiency, wipe out the inducement, and wait for an entry on a lower timeframe once the price taps into our demand zone. Ideally, price will sweep the resting liquidity and take out the internal liquidity, confirming the bullish continuation.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.