Update on the GBPCAD analysis, after the SPRING/SHAKEOUT that completed the wychoff schematic. Let's ride bullish and catch 500+ pips
This pair has been on an uptrend lately, resistance traders that placed order at the institutional level of 1.32000 were stopped out and it caused a bullish break of structure. Trendline liquidity lying above our daily POI/ORDER BLOCK. We wait patiently. REACT NOT PREDICT!
In regards to the EURJPY analysis I posted, its going according to my bias. Catch some pips on this Pair
Downtrend liquidity was taken, leaving us with another buy side liquidity before our daily POI/IMBALANCE. Currently price is making higher highs and higher lows, expect price to capture buy side liquidity thereby forming higher high, a confluence with our daily imbalance/POI. Let's catch some pips
Wychoff accumulation schematic is occurring at an institutional support of 1.65700. Also, there's a weekly demand zone and imbalance that market is going to test. With these confluence, we watch out for good buying opportunities to catch 500+pips
EURJPY is currently in our daily POI that aligns with a strong trendline, price should be bearish down to the weekly SUPPLY ZONE
usdchf swing trade. Price is going to mitigate that supply zone. And there's a double top formation at an institutional resistance of 1.64000
After a clear break of structure to the upside, there's a supply zone that's unmitigated yet. We expect price to rally down to that supply zone. Liquidity was also taken after the double top formation which is also a confluence that tells us to short