USD/CAD ANALYSIS
The Market is in the Ranging environment on the Daily Chart... However we can still capitalise on these Short Term Moves as it's fills in the Imbalances , for we've noticed what happens when it taps into these zones. In February 24 the Price tapped into the Daily -OB which was coupled with the Fair Value Gap and Price Distributed approximately 300 pips , March 08 Price revisited the Zone again by seeking the Buy Stops above the Swing High and got rejected at the Institutional Key Level @ 1.29000 and Distributed 500 pips , It even Broke Market Structure to the downside while clearing the Sellside Liquidity. Well there was a Price displacement while distributing , a Daily Bearish Orderblock @ 1.2725 with a Fair Value Gap and that's where I will be looking to sell targeting that June 2021 FVG around 1.2250 to get filled and that can provide us wit +/- 500 pips....
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