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Institutionallevels

USDCAD ThesisWe can see that at the last zone of resistance price started showing bearish tendencies which attracted a lot of retail traders to step into the market with an attempt to push price down. Then a large Institutional candle was formed which trapped sellers into the market and took price above the level of resistance to grab the liquidity (STOP LOSSES) there and then the Large institutions saw this as an opportunity to sell at a better price and sold.As a result of the retail traders being stopped out for a sell last time this may encourage them to have a buy Bias on this pair and most likely have their Stop Losses at the equal lows which may now be targeted. I expect price now to go short from the 1hr OB and collect liquidity at the zones below. -Good luck! -Trading is a game of probabilities, manage risk to resume playing following day. - For more setups/ Trading gems check out my ig page at @Tradelikeo -This is a speculative setup, not investment advice.
Short
by onzzfx
EURCAD LONG Price is currently at retail support level which may encourage buyers to step in with an attempt to push the price up. However, before a big move to the upside there is a chance price may spike down into the liquidity zone I have to hunt their Stop losses and trigger some retail sell stops. After it does that the Institutional banks may enter their buy positions at premium price to then push the market to the upside and target liquidity levels up there. Good luck! -Always use correct risk management P.S this is speculative setup, not investment advice..
Long
by onzzfx
2