USDCAD POTENTIAL SHORT OPPORTUNITIES
Hey everyone! I hope you are all doing well and blessed! I know it has been a few weeks so I wanted to come on here and post a potential opportunity I see here on USDCAD! This may not be the most popular post but I wanted to share this because based on market intuition and what price is doing and the logic of these markets I am seeing an opportunity to potentially sell USDCAD at this daily level/zone of supply. SO LET'S DIVE IN!
OK so I am seeing a potential sell opportunity here while most are probably actually looking to buy lol. Which usually is good...but anyways when looking at this pair what I had seen is that it is sitting around a lower high swing point (supply) on the daily timeframe. It has played around this level for months now. Without fully giving a decision to either move further to upside or have a drop again to the downside...Now after seeing this and recently what has been going on with momentum I am seeing a shift in momentum from buyer to seller strength on the hourly timeframes specifically...which shows me that this isn't some true "break" to the upside but an opportunity for the seller to get a better price to go short...and price has somewhat looked like it has been accumulating orders..so potentially last push up to supply then a move down? That is where I see the probability of happening so that is why I wanted to come on and share.
OK SO keep eye out on the buyer momentum into these levels...I'm sharing my precision zone as well which I don't usually do but oh well God is Good so enjoy! LOL
Thanks so much for tuning in please boost post and follow my page for more high accurate analysis and trade ideas!
God Bless! Cheers!
OK so I am seeing a potential sell opportunity here while most are probably actually looking to buy lol. Which usually is good...but anyways when looking at this pair what I had seen is that it is sitting around a lower high swing point (supply) on the daily timeframe. It has played around this level for months now. Without fully giving a decision to either move further to upside or have a drop again to the downside...Now after seeing this and recently what has been going on with momentum I am seeing a shift in momentum from buyer to seller strength on the hourly timeframes specifically...which shows me that this isn't some true "break" to the upside but an opportunity for the seller to get a better price to go short...and price has somewhat looked like it has been accumulating orders..so potentially last push up to supply then a move down? That is where I see the probability of happening so that is why I wanted to come on and share.
OK SO keep eye out on the buyer momentum into these levels...I'm sharing my precision zone as well which I don't usually do but oh well God is Good so enjoy! LOL
Thanks so much for tuning in please boost post and follow my page for more high accurate analysis and trade ideas!
God Bless! Cheers!