FX.co ★ crystal66 | USD/CAD

Hello colleagues. I have developed a trading plan for USDCAD based on market profile over the weekend. Buyers have initiated a powerful non-pullback rally. The price confidently updates local highs. Quotes are squeezed just below the peak at 1.41680. However, the market situation is controversial. I won't jump into buying without confirmation. Horizontal volumes indicate a strong imbalance. The current upward jerk flew through absolute emptiness. There is a huge liquidity vacuum left below. Large capital has not had a chance to trade on dense levels here. The main Point of Control (POC) and heavy cost zones are stuck deep down around 1.39745–1.39945. Buying USDCAD at the peak of the trend line is a huge risk. The market is locally overheated. Indicators at the basement require a technical spill for relief. But I won't short such an armored train. Bears are not showing signs of life yet. I will sit on the fence at the beginning of the week. I am waiting for a technical pullback in quotes downwards to test liquidity. My target for finding purchases is a deep descent to the mirror level of 1.41175. The upper boundary of local accumulation passes there. Upon testing from top to bottom and rebound, I will enter a long position. I aim for a breakthrough of highs towards 1.41785.