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USDCAD Analysis for the week of Oct. 16

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Dólar Americano/Dólar Canadense (FX:USDCAD)  
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FX:USDCAD   Dólar Americano/Dólar Canadense
Beyond Technical Analysis USDCAD smartmoney ict MFF fundedtrader shorts analysis orderblocks fvg
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beyondta usdcad smartmoney ict mff fundedtrader shorts analysis orderblocks fvg
In this presentation I highlight my analysis for USDCAD. Currently price is reacting pretty strongly off a long term Weekly Bearish Order Block. Which in my opinion could be the perfect storm for a price reversal. Price has already reacted from a longterm Weekly -FVG, and has since traded back through it seeking higher liquidity. Please check the video out for more detail of how I plan to handle this current market condition. Bless.
Comentário:
Unfortunately this setup did not go as planned, I failed to note that price was already at optimal trade entry at the time I recorded this. Price had already made an adequate retracement to the .705FIB. It had no real reason to retrace higher. Lesson learned.
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