USDCAD 4H SHORT PENDING (PSYCHOLOGICAL TRADING)
Price is currently approaching previous zones where we had a huge sell off and price fell. Looking at how price reacted last time in this zones, this is possibly a big player zone,who has a sell order open and is just waiting to pull in retail buyers and build liquidity to push price lower hence pushing his trade into more profit. Now we wait to see any sell signals in this zones.
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.