USD/CAD 30M - You can see that we have already had a 30M break of structure to the downside, giving us a level of confirmation that price is no longer respecting the laws of bullishness.
This helps confirm that enough Supply has been introduced and enough Demand has been offloaded to give us this structural break and the potential for a new down move,
In order for us to now look to get involved in this market we now want to see price trade up and into the Supply Zone I have marked out and give us another BOS to the downside.
This as we know confirms the end of the initial correction for this new trend and the start of the new impulse taking us lower. I will keep you all up to date with any trades I look at placing.
This helps confirm that enough Supply has been introduced and enough Demand has been offloaded to give us this structural break and the potential for a new down move,
In order for us to now look to get involved in this market we now want to see price trade up and into the Supply Zone I have marked out and give us another BOS to the downside.
This as we know confirms the end of the initial correction for this new trend and the start of the new impulse taking us lower. I will keep you all up to date with any trades I look at placing.
