possible short

2022년 3월 13일

This pair has just formed a daily bearish oderblock. Hoping price will tap into that OB and head down to sweep price where the red line is. Fundamental reasons why this pair should head down possibly for a swing and respect the bearish ob is b/c Canada raised their rates ealier this month. Higher rates are good for the currency, so if CAD is strong, this pair should weaken. If you look to the left, I believe I see a stop hunt , that is where a swing low is taken out but another swing low so the market makers take out stop losses for sells and then price typically cascades in the other direction. You can see it easy on the 1 hour.