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EURCAD, Potential Buy

by George K, December 23, 2022

EUR/CAD H4 Supply and Demand, potential compression pattern

by George Kamwanga December 23, 2022

3
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EUR/CAD

|

Long

|

H4

Timeframe:

H4

Analysis Method:

Supply and Demand, potential compression pattern

Analysis:

Minor structural lows leading into the zone have been broken, strong bullish interest last time price was in this zone.

Trade Plan:

Look for potential rejections in the zone and apply your entry strategy.

Risk Management:

0.5%, 0.75%

Things To Watch For:

50 ema as potential dynamic support

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DISCLAIMER

The trading ideas, analysis, and comments above should not be considered financial advice or recommendation to trade or invest in any financial product. Your personal situation has not been taken into consideration in the trade ideas. This page is for general educational purposes only. Do not buy or sell any product discusses on this page before doing your own research. Always do your own analysis and research and be aware of the risks involved in trading any financial product.

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