Look at shorting EURCAD when it retraces back up to short-term supply and target long-term demand, below.
Shorting the retracement of the recent Euro Weakness move with both a Euro Bearish bias and a US Dollar Bullish Bias. Price alert set at 1.1500 in case I'm not near the charts. May be a good idea for you, too. Target and Stop Loss will be given if the trade comes close to playing out.
Will be looking to short a pullback with a AUD bearish bias and a USD bullish bias. Target next untouched major demand level. SL above more recent supply levels.
Could we simply see a small correction/pullback down to previous Daily support (that has been used as a Role Reversal multiple times) and continue up? 4H price action has this running up, again. Daily hasn't shown much of a struggle to continue up. Many other pairs have the USD pinned to make a decision on strength. I will be watching USDJPY and EURUSD closely...
I put a trade on last week for one mini lot in USD denomination. Price action is doing well on the 4 hour chart. Testing my patience, but that's where the money is made. The original position was entered when price made a higher high and tested the previous high with a higher low after the reversal price action confirmation (I missed the first entry of the first...
NZDCAD setting up for a potential Bullish Bat Pattern with the first part of the final leg extending 138.2% into the PRZ. This pair seems to respect Monthly Classic Pivot Points well, so I would not be surprised to see price dip below Monthly S1, touch the PRZ for an entry, and start heading up towards Monthly R2.