Good day, traders!
Today I want to highlight a Canadian dollar (6C). On Friday, it closed above the strong volumetric and technical support according to the Daily chart. But hedge funds continue to accumulate their shorts.
Today I want to highlight a Canadian dollar (6C). On Friday, it closed above the strong volumetric and technical support according to the Daily chart. But hedge funds continue to accumulate their shorts.
A large quantity of buyers are going to buy cheap. We see that call volumes are also more preferred. Moreover ask HFTt’s imbalance was created, but met a limit seller.
I assume that despite the strong level of support we have more chances to break the level 0,7350 than to bounce from it. The target of the downside movement is at a 0,73 price level.
Have a nice week and a pleasant Sunday!
Have a nice week and a pleasant Sunday!
(Previously published in TVT School)
Sincerely, Taras Sviatun
Team Trading Volume Terminal