EURCAD just gave a textbook reaction from a liquidity grab followed by a clean break of structure. After taking out the highs and filling the upper imbalance, price is reversing right back into a bearish FVG.
If price respects it, the downside continuation becomes even more likely.
This setup is simple and clear. Let the market pull into the zone and watch how it reacts. If momentum shifts again, the path down toward previous lows could be smooth.
Be patient. Let price come to you. No need to force entries. Wait for the lower timeframes to confirm the shift before making any move.
If price respects it, the downside continuation becomes even more likely.
This setup is simple and clear. Let the market pull into the zone and watch how it reacts. If momentum shifts again, the path down toward previous lows could be smooth.
Be patient. Let price come to you. No need to force entries. Wait for the lower timeframes to confirm the shift before making any move.
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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.
Related publications
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.