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Imbalance

USD/CAD - Movement Lower?Currently very overextended to the upside. We are testing a strong Orderblock in Premium that lines up perfectly with the OTE of the Fib taken from the Higher High. There are several imbalance levels that should get filled in. We have an un-manipulated Trendline that has lots of retail money on it, therefore we should see price reach there to manipulate this level. There's also a W formation on the H1 timeframe that the market should trace towards - the neckline (where it says "First Target". Should we reach through this level I'm expecting price to reach down into the Bullish Discount Orderblock that we should see a reaction happen within. As much as I don't like indicators, I use the RSI occasionally to find divergence / overbought / Oversold levels. Inside this bearish orderblock we are currently testing, we are very overbought, meaning that we should see price make a move down.
Short
by Bastianelton
2
Potential Shark + BOS We have a potential shark forming, price just broke structure and has an imbalance to fill from a previous IFC along with liquidity trapped at the X point. The shark completes at .86 or 1.13 (.86 doesn't cover the in-balance) There will probably be a liquidity hunt if price reaches the X point and if so the 1.13 will be our target However, we have potential volatile news dropping for the EUR in 1h 20, which could send the EUR either way so I'm going to wait until then before dropping the signal.
Long
by ProFxAI