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Eurcadanalysis

Getting Ready To SELL On Approach To This Level....This pair has just popped a new HIGH on the Monthly charts and took out a previous MONTHLY SUPPLY SELL zone and looks like it has it's sights set on the 1.50 price level which sits nicely inside a MONTHLY SUPPLY/SELL zone which starts around 1.48 which is marked in red on the chart. Inside the Monthly level sits a nice WEEKLY SUPPLY/SELL also which is around the 1,50 mark this where I expect sellers to come back into the market. I will use my TRFX indicator to start to look for a daily sell signal as price moves above the 1.48 mark target for this trade will be the newly formed DEMAND/BUY level which is around 1.43. This is a great swing trade idea will keep you updated when I get the entry trigger happy trading.
Short
by TheFxAce
DeGRAM | EURCAD overextension at the resistanceEURCAD reached a major resistance level on the 4H timeframe. The market probably will make a false breakout. Price action created a double top at the channel border that acts as dynamic resistance. Price action is likely to move down from the confluence zone: the resistance and the channel's border + fibo extension. We expect a pullback from the resistance level . ------------------- Share your opinion in the comments and support the idea with like. Thanks for your support!
Short
by DeGRAM
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