PercentageOverPips

EUR/CAD Possible Buying Opportunity!

PercentageOverPips Zaktualizowano   
FX:EURCAD   Euro Fx/Dolar Kanadyjski
Possible long opportunity in EUR/CAD soon! I have a long position currently running in EUR/CAD which can be seen in a previous post, this position was after an impulsive break of structure where we saw price move in a descending corrective manner into structure. Yesterday we saw the same exact price action where we impulsed through the previous high to create a higher high and where now we are retracing in a corrective manner. As you can see from the chart, price has just created equal Lows which means that liquidity is resting underneath this level which normally gets taken or wicked out which then shows intended direction of price, in this case it would be to the upside. Taking this into account then, i will be waiting to see how price reacts around this region and if price does break lower, i'm looking to see price come into the supply zone to gather more sell orders before taking off from there. I will also be looking for breaks of structure on the lower time frames for bullish confirmation. Obviously this all depends on price action at those levels as price could very well breakout from here so we just need to be wary.

Feel free to leave any comments about the idea!
Komentarz:
EDIT: *Demand Zone not Supply*
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.