Momelezi

Momelezi

As we can see right now the market is retracing impulsively filling out inefficient price however I strongly believe that it will roll over and let the bears feats.

Momelezi

Failed to print Swing high, 30 min double top. Normally when a swing high fails to print it normaly changes character before retesting an order block which is a fib zone then continues bearish only if it fails to mitigate the fib zone.

Momelezi

The Euro Dollar has been slipping, with institutions adding 500+ longs on the dollar as well as 400+ short positions maintaining maintaining a 69.1% positioning of shorts and 3.3% positioning of longs.

Momelezi

Price broke forcefully above the 13100's and is currently retesting the area as support. with this strong break of resistance, price is showing weakness as it has started its way down to test it as new support, printing low volatile bearish candles.

Momelezi

Inverted head and shoulders pattern

Momelezi

This analysis on USDCAD