EUR/CAD - Break of Market Structure

2 thg 5, 2021

What Is The Market Telling Us?

• Price has been in major downtrend since 21st April
  
• Break of market structure occured (BMS), pushing price downwards
  
• Price is currently forming a retracement phase before bearish impulse
  

What are Market Participants Doing?

• 89% of retail traders are long, meaning instituions are still shorting this pair
  
• Smart money report (banks & institutions) show over a 90% consumption on EUR shorts
  
• 20,000 lots on EUR has been added to the short side