EURCAD Is this the BOTTOM
EURCAD is at a strong DEMAND ZONE.
Why so ?
1. It has been 9 years since price has been so low.
2. Look at the progressive penetration of the Demand Zone by the Sellers. On each occasion price has not moved as low.
This could be a good place to take a long towards the intermediate supply zone, and ultimately the major Supply Zone.
Where price is at the moment, is unfavorable for a trade .
2 long positions are on chart. First is for the impatient and the second is for the Swing group.
Why so ?
1. It has been 9 years since price has been so low.
2. Look at the progressive penetration of the Demand Zone by the Sellers. On each occasion price has not moved as low.
This could be a good place to take a long towards the intermediate supply zone, and ultimately the major Supply Zone.
Where price is at the moment, is unfavorable for a trade .
2 long positions are on chart. First is for the impatient and the second is for the Swing group.
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