USDCAD SHORT SWING

8. Okt. 2019

Looking for USDCAD to create a spring after seeing price get stuck in consolidation. This price action is setting up like our distribution schematic and is accumulating sellers. I want to play only if the price action I need to see occurs. We are looking for a swift move up to capture the liquidity created by the distribution, and then for price to move the downside quickly to capture the liquidity resting beneath the equal lows highlighted with my blue bar. There is confluence for this scenario with a potential entry zone identified by our institutional candle highlighted in yellow.