USDCAD - From Sellers to Buyers
Last week, the focus was clear:
price was trading inside the orange supply zone, and that was a clean area to look for shorts. Sellers did their job perfectly there.
Fast forward to now, and the context has changed.
USDCAD has pushed lower and is retesting a strong demand zone, an area where buyers have previously stepped in.
As long as this demand holds, the bias shifts again, this time toward looking for longs, not chasing, but waiting for price to show rejection.
Let price confirm then react
Disclaimer: This is not financial advice. Always do your own research and manage risk properly.
Stick to your trading plan regarding entries, risk, and management.
Good luck!
All Strategies Are Good; If Managed Properly!
~Richard Nasr