USDCAD Outlook 4/22

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Interesting price action this week from UCAD. My bias is that we are overall bullish on the larger TF. Last week mitigated a HTF OB, and broke structure to the upside. However it did so with very inefficient price action. I am expecting a retrace of this action to discount prices in order to resume bullish momentum. This should provide good structure for short opportunities to unmitigated demand zones.

Friday ended price at a 4hr supply zone. It is unclear whether this will hold or fail. Monday AZN/LDN session will bring more clarity.

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ملاحظة

We'll see what monday brings, but this is an idea