Hi traders,
How's it going ! Its quite a while since I have update the blog, the reason being the busy schedule, but I always try my best to give you what you want and a simple but logical way to trade.
We have seen so many things in the past few weeks, but as being a supply and demand follower I was eyeing Usd/cad Particularly.
The reason behind this setup was price behavior and its constant behavior to levels after several tests and we witness strong demand off the levels, and strong Engulfs are big reason to admit that price is not willing to fall. But If you see after several tests price was capped in a zone and when we see the last rally, to the capped area it was bit shaky and buyers hesitated to bring the price up.
But as we all know price need strong reason to move and Price is Fractal and when nothing happens and at some stage when supply and demand became equal someone has to drive the price and that strong bearish Candle was the reason behind such intention.
