NZDCAD BUY SET UP
smart money made large purchases by taking out sell side liquidity. There is now a visible break in structure to the upside. Price is currently making a retracement to continue with the bullish momentum. Smart money will look to offload their buys above an old high -weekly/monthly high around the redlines as depicted in the chart. Once these buys are offloaded around the red lines, there is high probability that price will break down and sell off however this is anticipatory. As price approaches the red lines, we shall monitor market structure for validation.
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