CADCHF is showing clear signs of a potential sell-off after sweeping the liquidity resting above recent highs. The pair engineered a stop run into a key supply zone, aligning with confluence from higher timeframe imbalance. With buy-side liquidity now mitigated and no follow-through from bulls, I anticipate a reversal and a bearish move as institutional order flow shifts. I’ll be looking to short on confirmation, targeting inefficiencies below and recent demand levels.
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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.