Uptrend. Price to reach the last high. Correlating pairs still to bullish
Imbalance at a higher price. Price should want to fill the premium imbalance first.
2 hour imbalance below. DXY divergence. In other correlating currency pairs, longs have been induced to be paired with big institutions money shorts.
Re-entry. There are unfinished highs and imbalance above current price. We can assume the rally was to take care of that. But price failed to take care of that. Inducing even more sell orders to pair the new buy orders that should be taking place. Imbalance above those highs. DXY has ways to go to reach the clean highs. Which tells us that USDCAD can rally well...
Price came down from a premium the day before. Imbalance above and below price. Price is currently at equilibrium.
Price tapped into a even DEEPER discount. 6 hour imbalance. It gave a good reaction from the 6 hour imbalance. We are still in an uptrend. Price should show real support in the blue highlighted area.
USDCAD. Daily imbalance that shorts can be paired with at the 1.31392 level.
Price respected the OB. Price showed DXY divergence. DXY took out a HIGH meanwhile EURUSD failed to make a lower LOW . Counter trend liquidity resting above and Imbalance candle
STOPS resting at those equal lows. DXY to reach level 106.792
SHORTS to take out equal low price action and imbalance
Waiting for confirmation in the blue area. Price showing willingness to continue higher to fill the imbalance from 13 of September. Price took out the low at the discount before causing the break of structure. Good confirmation. Area should act as true support if it is valid. Also Re-accumulation schematic.
Price rallied to take out previous high and inner trend liquidity to build momentum and continue the downtrend towards the daily imbalance at level 1.31000
Price is giving positive feedback for the trade. Counter trend liquidity at the top. Correlating pairs as well. Price to reach 0.68100 level. Re-accumulation Phase.