It was immanent that U.S Dollar versus the Canadian Dollar was due for a sell off after reaching a peak formation highs off of the 50's. was it a major sell off? you'd ask. yes, indeed it was! the pair moved about -200 pips+ to the down side. For now, lets sit back and let patience in the markets reward us!
As always, ask your self:
-Whos in the money?
-Where are the stop hunts being executed?
-Are we at major levels and if so, is price @ 50's or double zeros?
- Has a high or low been placed yet?
-What time is it?
-what session are we in/ entering?
As always, ask your self:
-Whos in the money?
-Where are the stop hunts being executed?
-Are we at major levels and if so, is price @ 50's or double zeros?
- Has a high or low been placed yet?
-What time is it?
-what session are we in/ entering?