CADCHF has already swept sell-side liquidity below a significant low. This indicates that smart money has likely engineered a stop-hunt to remove weak long positions and trap breakout sellers. With the liquidity taken, I am now looking for signs of bullish intent, such as a market structure shift (BOS) or bullish displacement. Once confirmed, I will look to buy on a retracement to a bullish order block, fair value gap (FVG), or imbalance created after the sweep
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.