EURCAD is approaching a major reversal. We've seen price action take a dive into a liquidity grab and continues to trade lower. I believe this is an attempt to dip into the reversal zone which has been a major sign of an up move. However if price doesn't immediately retract upwards, we could begin to expect it to fall through and take shorts. We can play both sides of the market but I am mainly looking for buys into this zone.
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