Looking to go long on EURCAD after a tap at the 1H Demand Zone that's in confluence with the 1.3800 Psychological Level. I'll take 70% partial profits at 1.42336 and liquidate my entire trade at the 1.4400 Psych. Level that's in confluence with the Daily Supply Zone.
I'll be looking to initiate a buy at the 1H imbalanced Demand Zone that broke structure and is aligned with the current uptrend. I will liquidate my trade at the recent swing high of 14597,50. OANDA:DE30EUR
I'll be looking for a potential buy at the 4H Demand Zone, taking partial profits at recent swing high of 0.84582 as a TP 1 level and liquidating the whole trade at the Daily Supply Zone in confluence with the 0.8500 Psychological Level.
At the moment, GBPJPY is declining in a downtrend. With this in mind, I'm looking to short Pound yen when it reaches my 1H Supply Zone with the added confluence of the 155.50 Psychological level, some market inefficiency and the liquidity inducement.