đź””CADJPY LONG POSITION
- Confluences for this trade are the following: we had price creating EQH's and then return sharply to the downside meaning those who sold the double top formation were in profit and upon retracement, retail traders probably sought sell opportunity.
- Now price has returned to the same level of the EQH's to create a triple top essentially and is just sitting there accumulating orders.
- Due to this, I believe price will spike upwards and take out the vasts amount of liquidity sitting above price and go to the 85.760 level where there was some sort of manipulation in price and therefore a potential SC level.
- Now price has returned to the same level of the EQH's to create a triple top essentially and is just sitting there accumulating orders.
- Due to this, I believe price will spike upwards and take out the vasts amount of liquidity sitting above price and go to the 85.760 level where there was some sort of manipulation in price and therefore a potential SC level.
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