Expecting price to retrace/take some stops before moving higher towards targets marked out.
Expecting price to move lower once stops are taken (Yellow area). Could move lower from here/ more consolidation before moving lower.
Bearish Order Flow, waiting for Price to retrace and carry on making downward expansion unless MS proves otherwise
Bearish GBPCAD Looks like price has raided stops (08/05, soaked up some more Supply Orders before continuing the Bearish expansions. Targets marked out in green.
Price has been moving in an overall Downtrend (Daily POV), putting in a Low at 1.11097. On 4HR we can see Price failing to close below the Low, bouncing off a Demand area/4HR OB - possibly indicating a bit of upside/whether it's to retrace/ orto clear highs? Continue observing whether Lows are being respected/Highs are being taken to support this.
Price has been moving in an overall Downtrend (Daily POV), putting in a Low at 1.11097. On 4HR we can see Price failing to close below the Low, bouncing off a Demand area/4HR OB - possibly indicating more short term upside, retracing/ to clear highs? Continue observing whether Lows are being respected/Highs are being taken to support this.
Long Term Bearish , will be looking for MS to breakdown, resulting in shorts unless MS Breaks prove otherwise