Hello Traders,
CADJPY traded into a strong weekly order block last week but didn't sell as expected. However, it created both buy-side and sell-side liquidity. My speculation is that It hunts the buy-side liquidity first, then go for the sell-side liquidity.
This simply means that the price would run deeper into the weekly order block to gather momentum for the bearish move.
Follow for more updates.
Cheers,
Jabari
CADJPY traded into a strong weekly order block last week but didn't sell as expected. However, it created both buy-side and sell-side liquidity. My speculation is that It hunts the buy-side liquidity first, then go for the sell-side liquidity.
This simply means that the price would run deeper into the weekly order block to gather momentum for the bearish move.
Follow for more updates.
Cheers,
Jabari