ingmar.nieuwold

USDCAD H1 Distribution range

ingmar.nieuwold 업데이트됨   
FX:USDCAD   미국 달러 / 캐나다 달러
Price failed to make higher high and break the supply edge of the range. Absorption at the supply.
Downward ease of movement backed up by increasing volume.
Supply channel forming.

Still some demand present, but markdown imminent.

Low risk entry would be a succesful test after a break down.
코멘트:
Price continuing to make lower highs.
Little progress and or effort towards the upside.
코멘트:
adjusted supply channel

코멘트:
update:

코멘트:
before the GDP m/m for the CAD we saw a change in character. The distribution stopped and we could see accumulation taking place.

USDCAD has been showing signs of strength since.


In the case of a break high, the test of the breakout from the channel would be considered a low risk entry.
코멘트:
It took a while but price broke the range to the upside.


long positions should already have been taken, a retrace might offer another opportunity to buy at lower prices.

Closing this thread.
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