TRADERS HARDLY LOOK AT THE HIGHER TIMEFRAME : USDCAD
Price takes out the sellside liquidity on April 2021 and then rallies all through the year, broke several highs while doing so. This makes price to be bullish on the 3-months Timeframe
From the Highs of October 2022 till April 2023, price forms the FVG and dips into it and reacts to the upside. Why? Because it is alignes with the Highertimeframe Institutional OrderFlow.
Quarterly shifts and Buyside liquidity indicates that price have a greater tendency to tap into price targets @ 1.3977 and @ 1.46901
From the Highs of October 2022 till April 2023, price forms the FVG and dips into it and reacts to the upside. Why? Because it is alignes with the Highertimeframe Institutional OrderFlow.
Quarterly shifts and Buyside liquidity indicates that price have a greater tendency to tap into price targets @ 1.3977 and @ 1.46901
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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.