NZDCAD Long

15 thg 12, 2020

We have price action coming to our weekly/daily support which as been significantly strong with bullish pressure. We can see bulls and bears duking it out as per the wicks at this lvl. We also can observe that we have a pool of liquidity represented by the "$" that must be tapped into before filling in the void left by the bearish OB at 0.91415 which shows us EQ highs. The rally down was an impulsive bank move with the wick above demonstrating market manipulation. As such, this will be our first swing trade for the week targeting the bearish OB. IF price continues to hold above the Support lvl, we can see a clean retracement to the upside, as market structure is on an uptrend.