I will be expecting a rebound from the demand level formed during the NY open. last Friday.
I will be watching these levels play out for the coming months. For now, I will be putting my buy entry just around 140.45 with TP1
This instrument just lies within the weekly supply and pockets of supplies are formed. Path of resistance is to the downside.
After the weak economic data from Canada, USDCAD rose as to show hawkish sentiment from investors. A new demand level for the acceptance levels formed at around 1,06866 that may be a strong support for this pair going upside. This pair, in weekly tf, lies on a demand level and way farther from the supply level on a bigger picture.
On a daily tf, the pair just bounced from a quality demand. On another retest, I will be buying the pair.
Early Asian session, I have spotted a good demand and seems the price retested it now. My tp1 has been plotted and a good 3:1 more is being eyed for this trade.
the pair just once again made a series of breakouts at least in a lower tf, but as we can see on the screenshot, there is no enough room for the price to go upside. We would like to expect at least a breather for the price before rendezvousing to the demand.
I will be watching out this levels to trade with in EURUSd
These are the possible levels to watch out for.
I will be watching out those levels to trade with
A nice level on top of the level demand formed early and not so late NY session.
I will be watching this demand level formed in early Asia. Let us wait for the confirmation based on the retest candle that will form.
The pair just retested a long time support in a daily tf. Based on the price action s/d levels, there is a chance of this pair to break downwards unless the pockets of demand levels hold.
In a very short tf like 1min, I will be buying this pair with at least an initial TP as shown in the screenshot
The pair has just rebounded from a 30min supply and pierce a not so good demand level as seen in 3min.
The price just did it happen! Boom to the upside happy those who are betting bullish! :)