USD/CAD manipulation short

22 במאי 2021

we all know markets tend to follow liquidity , situations like this happen much often on every time frame , mostly on key levels such as s/r levels , they could be small as 10-20 pips on small timeframes , but when we are looking at these major timeframes weekly and monthly , we should smell something fishy , I've noticed every idea regarding USD/CAD are long on this pair , now if a big bank , institution hedge fund etc... were to long this pair they would get a good price with all these long orders just sitting around?for sure no, they would receive the worst price, now in order to get filled in the best price they would have to get rid of those longs to open the road for their ''huge' orders , now since we are on a weekly TF most likely we have some big swingers on this pair and lets say on average they would place a 1:7 risk reward targeting the swing high , that would make their stoploss around 400 pips , now imagine of every 1 short there are 10 longs so we have majority of stops are at a -400 pip level , plus having those ''aggressive'' longs with a 600-800 pip stop loss , in my opinion we are most likely going to witness something close to the 2015 EUR/CHF situation where price flashed 2000 pips in a couple of minutes even those with stop losses didnt get triggered , if i were you i would stay away from this pair for a while cause if a sudden situation was to happen even your stoploss wouldn't save you.