RX-93
Long

EURCAD Possible Buy Opportunity

FX:EURCAD   Euro / Canadian Dollar
1) D1 shows Rounding Bottom and highest price capped at around 1.59.
2) Zooming to H4, price respected downtrend channel by bouncing inside the channel, thus creating the "Handle".
3) Demand Zone was marked from previous price (23 Jul 2020).
.
.
I expect the price to go back to the demand zone and bounce up, if it break the channel after bouncing from the supply zone , it'll be a possible buy opportunity.
.
.
This is just my idea, we can't control the market. Any idea just comment below. Good luck! :D

Comments

should wait for a breakout!
+1 Reply
RX-93 Subrato-Nandi
@Subrato-Nandi, haha it's time
Reply
set up looks promising any advice on how i could better my tradiing .....running in a rough patch
Reply
you should wait for a breakout from that channel :) would be less risky in my case
Reply
RX-93 bigmike444
@bigmike444, yes i should've waited just a little bit more haha.. it's okay, let's wait for another opportunity :D
Reply
would you put your SL just below the demand zone 1.5460 around? or lower?
Reply
RX-93 thom_as_a_moth
@thom_as_a_moth, yes i'd put my SL just below the demand zone around 1.5460
Reply
RX-93 thom_as_a_moth
@thom_as_a_moth, keep in mind, if the price is able to make a new higher high, you can move your SL above your entry
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out