GBP/CAD LONG

This market has been steadily moving sideways for the last 8 hours, indicating, to me that there will be an opportunity presented in the near future. Whether it be tonight through the London session, or in 7.5hrs for the New York market to open, the opportunity is there. Personally, I notice on the 4h TF, there is loads of liquidity sitting at the 1.74500 level above all of those equal highs retail traders look so deeply into. The large banks pushed the market aggressively down from the 1.7500 price, which is understandable considering it is a major quarter level. The 1H TF shows a clear break of structure indicating bulls entering the market so now i will be patient and see what price does. Will it mitigate down to knock retail traders out of their current buy positions? Will the equal highs to the left get swept? Interesting.
Long position at 1.73000 gives me a solid 1:5 risk to reward ratio targeting 1.75000.

My personal analysis.. For personal use.