What were seeing on usdcad:
rejection from htf (weekly demand zone)
Break of structure
A potential head and shoulder pattern only valid if we see a break of neck line
A fill of imbalanced areas being filled as we speak
what actions we take :
Nothing. Simply wait to see what price do .
If price breaks the neck line we'll continue bearish if it rejects that 1.4289/1.42756 demand
I will begin to look for entries
If we miss our opportunity on the trade leave it alone sometimes it's best to stay out of a missed trade rather than risking your account on late one
rejection from htf (weekly demand zone)
Break of structure
A potential head and shoulder pattern only valid if we see a break of neck line
A fill of imbalanced areas being filled as we speak
what actions we take :
Nothing. Simply wait to see what price do .
If price breaks the neck line we'll continue bearish if it rejects that 1.4289/1.42756 demand
I will begin to look for entries
If we miss our opportunity on the trade leave it alone sometimes it's best to stay out of a missed trade rather than risking your account on late one