Week TF has rejection at Resistance zone and on 4hr tf we have Rejection and selling at R zone. 2hr tf gave entry signal
Short trade 1:1
This is only my opinion and not Financial Advice
On week TF, price bounced off support zone, and on 4HR TF we have BOS and restest with volume at Support area.
Long trade for 1:1 or 1:2.
This is only my opinion and not financial advice.
GBPCAD reached a resistance zone on week time frame and on 4hr time frame.
On the footprint there is buyers absorption and price moved lower
0.5% risk
This is not financial advice . It is my own opinion and analysis
EurCad has reached a resistance zone on the week time frame and has lower R and S pivots.
The 4hr time frame is in downtrend with lower day R and S pivots.
On the footprint we can see buyers absorption , as there was an increase in buying volume and delta but price moved lower.
0.5% risk aiming for 1:1 or 1:2
This is not financial advice. It is my own opinion...
Price is bearish on week and 4hr tf. On footprint we have buyers absorption as volume increased but price moved lower . Entered short entry 0.5% risk .
We have an uptrend on week TF with Resistance pivots broken . On 4 Hr TF it is in uptrend with BOS and we are at a S/R zone near a broken R pivot and S pivot. We also have Support at rounded level. Footprint showing buying volume. Waiting on bullish reaction with more volume remaining of week for long trade target 1.3100. SL Below the Support pivots .
2 Entries...
The 4 Hr candle footprint volume showing Increase in Buyers volume at this zone. If buyers effort Is rewarded in the next candle by price moving higher that can be a trigger for long entry. If price keeps moving lower then that's an indication of buyers absorption and price might be in retrace on daily or week TF.
