Disliked{quote} Still following this, observing the distance between the highs. Previous pivot low has not yet been taken out but still, recently, the distance between the higher highs have been getting smaller. Price is running into structure now (between 1.090 and 1.096). Any more views on this would be appreciated. {image}Ignored
I've been practicing with Higher TF. Usually I just try to make expectations and see weather they are filled or not in the week. But this was what I was looking at for USDCAD - Daily.
Right now I think Op 1 is a little bit more probable IF we can get some bearish evidence at current levels.
Note: If price engulfs the swing high that initiated the NSL I would be think of possible order flow switch and a Higher low would confirm my thesis. If this happens Op 2 would have an Agg C with potential but thats probable 2 weeks out
USDCAD - Daily
http://icmarkets.ctrader.com/images/screens/RfJwn.png
On the Hourly
I also noticed that price has not made a sufficient Lower low for me to think reversal. the bulls seem to still have sustainable strength while the Bears are picking up strength. Once they Produce a LL then I'll be looking at a Lower high to confirm. Price does seem to be breaking down. I just need some evidence that the Bears want to win.
USDCAD - Hourly : My thoughts are on the chart
http://icmarkets.ctrader.com/images/screens/u5bwn.png