Good day traders!
Last week, intraweek highs was liquidated/manipulated and our most premium supply level mitigated
It seems though as price has reversed to the downside since (short-term basis).
Could $2300 be our next stop? - Being it is our next medium term institutional demand level , with adequate sell side liquidity resting above to magnetize prices...
Good day Traders!
Have the institutions trapped buyers at 2400-ATH ?
One would think so as the break above 2400 was strong but the subsequent move down was stronger! - A likely institutional footprint
As a result of this $2400 price manipulation a 4H OrderBlock was formed and respected since, followed by bearish shifts in markets structure.
We now have a fresh...
Until the last Friday of January CAD has been taking a beating , Mon-Tue we see CAD gaining some traction
in a much corrective structure and of nature, trickling its way back down towards marked out IPA's that need filling
as well as some unmitigated OB's before a possible rally higher.
(SUBJECTIVE)
- 2 possible positions I would personally execute have been...
