AlkalineFX

USDCAD Study Case 🧙‍♂️

Long
FX:USDCAD   U.S. Dollar / Canadian Dollar
Intuition suggests price is likely to flow back up to the main weekly supply to clear out seller liquidity.

How we will get to that zone is another story.

I don't think we will push up to the zone from here. I believe price has lured buyers in after breaking the trendline marked.

So price is likely to do some manipulation to clear breakout buyers before flowing to our target.

I have done a rough illustration of what I am after but we will have to judge it as the price progresses.

I am wishing you all a fantastic trading week team!

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