USD/CAD 1H - As you can see this market played out very well last week giving plenty of short opportunities, due to the lack in my availability there we some opportunities that were missed.
Nevertheless I have marked out two potential areas that I want to see price trade up and into before we see a continuation in bearish structure, I feel price needs to come and clear these areas of inefficiency before it can continue lower.
In order for me to look to get involved in this market I want to see price trade into a level of interest and deliver us with a break of structure to the downside, this gives us the confirmation that the correction is ending and a new leg lower is starting.
Once we have those confirmation parameters its then about waiting for price to pullback initially in order for us to get a refined entry. I will keep you all updated with anything I look to place.
Nevertheless I have marked out two potential areas that I want to see price trade up and into before we see a continuation in bearish structure, I feel price needs to come and clear these areas of inefficiency before it can continue lower.
In order for me to look to get involved in this market I want to see price trade into a level of interest and deliver us with a break of structure to the downside, this gives us the confirmation that the correction is ending and a new leg lower is starting.
Once we have those confirmation parameters its then about waiting for price to pullback initially in order for us to get a refined entry. I will keep you all updated with anything I look to place.
