USD/CAD 15M - I am just going to leave this here… as you can see price has traded into another OB, are we going to see the next bear run from here?
I have still got my pending order open above waiting for that to be activated, however I am thinking price maybe very heavily edged to the side of Supply and we may not see price trade into that.
My reasoning behind this thought is because we are seeing very large moves to the downside which is what we can expect when a new trend starts.
I will keep my eye on this pair as best as I can but will be boarding my flight shortly, so will most likely have to update when I land in Copenhagen.
I have still got my pending order open above waiting for that to be activated, however I am thinking price maybe very heavily edged to the side of Supply and we may not see price trade into that.
My reasoning behind this thought is because we are seeing very large moves to the downside which is what we can expect when a new trend starts.
I will keep my eye on this pair as best as I can but will be boarding my flight shortly, so will most likely have to update when I land in Copenhagen.